Viriginia – CLibertyC

Virginia House Committee Passes Bill to Eliminate State Conformity with IRS Section 280E for Marijuana Businesses

Post author:Tenth Amendment Center
Post published:February 2, 2023
Post category:Network Archives Sovereignty Tenth Amendment Center

The proposed law would deconform the state tax code from federal law as it applies to deductions for marijuana businesses.

The post Virginia House Committee Passes Bill to Eliminate State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.

Virginia Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses

Post author:Tenth Amendment Center
Post published:January 17, 2023
Post category:Network Archives Sovereignty Tenth Amendment Center

A bill filed in the Virginia House 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 Virginia Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.