Tag: americans for tax reform

Americans for Tax Reform Endorses Allowing Legal Marijuana Businesses to Take Tax Deductions

Americans for Tax Reform, one of the largest conservative groups in the country, has sent a letter to lawmakers urging a change in federal tax laws in regards to marijuana. Congressman Curbelo (R-Fla.) and Congressman Blumenauer (R-Ore.) have introduced House Resolution 1810, the Small Business Tax Equity Act of 2017, which would remove the inequities …

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Federal Bills to Amend IRS Code to Allow Tax Deductions by Cannabis Businesses Announced

Today, Representative Earl Blumenauer (D-OR-03) and Senator Ron Wyden (D-OR) announced plans to introduce bicameral legislation next week that would reconcile state cannabis laws and federal tax law. The Small Business Tax Equity Act, which was introduced last Congress by Congressman Blumenauer, would create an exception to Internal Revenue Code Section 280E to allow cannabis …

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Americans for Tax Reform Endorses Change in Federal Law to Allow Cannabis Businesses to Deduct Taxes

Next week Americans for Tax Reform – founded and headed by ultraconservative Grover Norquist – will hold a joint press conference with the National Cannabis Association to call for a change in federal tax laws to allow cannabis businesses to take standard tax reductions, in states where they’re legal. In speaking for the Obama Administration, …

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