Signed as Law: Connecticut Eliminates State Conformity with IRS Section 280E for Marijuana Businesses

Provisions in the bill also decouple the state tax code from federal law as it applies to deductions for marijuana businesses. In effect, the new law allows marijuana businesses in Connecticut to take tax deductions on their state returns that they’re currently prohibited from utilizing.

The post Signed as Law: Connecticut Eliminates State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.

Continue ReadingSigned as Law: Connecticut Eliminates State Conformity with IRS Section 280E for Marijuana Businesses

Signed as Law: Illinois Eliminates State Conformity with IRS Section 280E for Marijuana Businesses

Provisions in the budget bill decouple the state tax code from federal tax code as it applies to deductions for marijuana businesses. In effect, the changes will allow marijuana businesses in Illinois to take tax deductions on their state returns that they’re currently prohibited from utilizing.

The post Signed as Law: Illinois Eliminates State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.

Continue ReadingSigned as Law: Illinois Eliminates State Conformity with IRS Section 280E for Marijuana Businesses

Today in History: Rhode Island Becomes First Colony to Ban Importation of Slaves

Despite the large slave population, and the colony serving as a key player in the slave trade, abolitionist sentiment grew, and on June 13, 1774, the colony enacted "An Act for Prohibiting the Importation of Negros."

The post Today in History: Rhode Island Becomes First Colony to Ban Importation of Slaves first appeared on Tenth Amendment Center.

Continue ReadingToday in History: Rhode Island Becomes First Colony to Ban Importation of Slaves

Signed as Law: Colorado Allows Online Payments for Marijuana Despite Federal Prohibition

DENVER, Colo. June 12, 2023 – Earlier this month, Colorado Gov. Jared Polis signed a bill legalizing online payments for marijuana in the state despite ongoing federal cannabis prohibition. Rep. William Lindstedt, Rep. Said Sharbini and Rep. Robert Rodriguez introduced House Bill 1279 (HB1279) on March 30. The new law repeals language in state law […]

The post Signed as Law: Colorado Allows Online Payments for Marijuana Despite Federal Prohibition first appeared on Tenth Amendment Center.

Continue ReadingSigned as Law: Colorado Allows Online Payments for Marijuana Despite Federal Prohibition

Texas Governor Signs Second Amendment Financial Privacy Act

Titled the Second Amendment Financial Privacy Act, the new law prohibits a financial institution operating in Texas from requiring or assigning a firearms code, which is defined as “any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723.”

The post Texas Governor Signs Second Amendment Financial Privacy Act first appeared on Tenth Amendment Center.

Continue ReadingTexas Governor Signs Second Amendment Financial Privacy Act

Twisting Language: 4 Ways They’ve Expanded Power

Tyranny goes hand in hand with powerful people controlling and manipulating language - the meaning of words. Here are four - of many - ways they’ve done this with the Constitution.

The post Twisting Language: 4 Ways They’ve Expanded Power first appeared on Tenth Amendment Center.

Continue ReadingTwisting Language: 4 Ways They’ve Expanded Power

To the Governor: Connecticut Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses

the Connecticut Senate gave final approval to a bill that includes provisions that would eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a small, but important state tax relief for marijuana businesses despite ongoing federal cannabis prohibition.

The post To the Governor: Connecticut Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.

Continue ReadingTo the Governor: Connecticut Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses