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.