H.R. 1447

Summary

H.R. 1447, the No Deductions for Marijuana Businesses Act, was introduced in the House on Feb 21, 2025 by Rep. Jodey Arrington (R) with 12 co-sponsors. It was referred to Ways And Means, and last saw action on Feb 21, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 1447 has 12 co-sponsors.

119 HR 1447 IH: No Deductions for Marijuana Businesses Act
 U.S. House of Representatives
 2025-02-21
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 1447  IN THE HOUSE OF REPRESENTATIVES   February 21, 2025   Mr. Arrington  (for himself,  Mr. Edwards ,  Mr. Murphy ,  Mr. Buchanan ,  Mr. Moore of Utah ,  Mr. Palmer , and  Mr. Sessions ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana.
1.
Short title
This Act may be cited as the   No Deductions for Marijuana Businesses Act  .
2.
Expenditures in connection with the sale of marijuana
(a)
In general
 Section 280E  of the Internal Revenue Code of 1986 is amended to read as follows:
280E.
Expenditures in connection with the illegal sale of drugs
No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in—
(1)
marijuana (as defined in section 102(16) of the Controlled Substances Act ( 21 U.S.C. 802(16) )), or
(2)
controlled substances (within the meaning 16 of schedule I and II of the Controlled Substances 17 Act),
 which is prohibited by Federal law or the law of any State in which such trade or business is conducted.
 .
(b)
Effective date
The amendment made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act in taxable years ending after such date.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

To amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana.

Sponsors

Rep. Jodey Arrington (R) sponsors H.R. 1447, and 12 members have co-sponsored it, 6 of them from the day it was introduced.

Jodey Arrington

Rep. · R–TX-19 · Sponsor

Introduced Feb 21, 2025

Vern Buchanan

Rep. · R–FL-16 · Co-sponsor

Joined Feb 21, 2025 · Original

Chuck Edwards

Rep. · R–NC-11 · Co-sponsor

Joined Feb 21, 2025 · Original

Blake Moore

Rep. · R–UT-1 · Co-sponsor

Joined Feb 21, 2025 · Original

Greg Murphy

Rep. · R–NC-3 · Co-sponsor

Joined Feb 21, 2025 · Original

Gary Palmer

Rep. · R–AL-6 · Co-sponsor

Joined Feb 21, 2025 · Original

Pete Sessions

Rep. · R–TX-17 · Co-sponsor

Joined Feb 21, 2025 · Original

Andy Harris

Rep. · R–MD-1 · Co-sponsor

Joined Mar 4, 2025

Adrian Smith

Rep. · R–NE-3 · Co-sponsor

Joined Mar 21, 2025

Andrew Clyde

Rep. · R–GA-9 · Co-sponsor

Joined Mar 25, 2025

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Committees

H.R. 1447 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Feb 21, 2025 · 1,160 Bills

Actions

H.R. 1447 has taken 2 actions since Feb 21, 2025.

Votes

H.R. 1447 has not gone to a roll call.

Related bills

1 bill is related to H.R. 1447, as Identical bill.

S 471No Deductions for Marijuana Businesses ActFeb 6, 2025 · Read twice and referred to the Committee on Finance. · Identical bill

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Titles

H.R. 1447 goes by 3 titles, 1 of them short titles.

• No Deductions for Marijuana Businesses Act — Display Title
• No Deductions for Marijuana Businesses Act — Short Title(s) as Introduced
• To amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana. — Official Title as Introduced

Lobbying

3 clients hired 5 firms and 7 registered lobbyists who named H.R. 1447 in 20 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Budget/Appropriations, Taxation/Internal Revenue Code, Agriculture, Consumer Issues/Safety/Products, Homeland Security, Law Enforcement/Crime/Criminal Justice, Alcohol and Drug Abuse.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 1447 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1447’s is Taxation.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 1447, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 35 (Friday, February 21, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ARRINGTON:H.R. 1447.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H729]

Source: congress.gov · legiscan.com