S 471
No Deductions for Marijuana Businesses Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:35 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the No Deductions for Marijuana Businesses Act, aims to reinforce the existing tax rules regarding marijuana businesses. It specifically prohibits deductions and credits for any expenses related to businesses involved in the sale or trafficking of marijuana or controlled substances, as defined by federal law. The bill clarifies and strengthens a current provision of the Internal Revenue Code, ensuring that these businesses cannot offset their losses through tax deductions.
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