write my paper for me Introductions For Persuasive Essays do your homework What Website Can I Get Someone To Write A Essay write my paper apa How To Write Your Dissertation 30 Days online paper writing services Dissertation Services In Uk Housing Market buy literary analysis essay Custom Framing Business Plan please write my paper me Custom Case Study On Psychology In Uk papers writing help Phd Thesis Islamic Finance paying someone to write a paper Geometry Help Online essay help How To Write A One Page Essay don't want to write my paper Write Your Paper For You where to buy college papers Help With Writing Literature Reviews pay someone write my paper cheap Buy Term Paper Online buy a philosophy paper Help With Fsu Essay buy essay cheap Buy Homework Manager Code buy cheap papers Political Socialization Essay buy an essay online Doctoral Thesis In Physics paper help writing Interaction Design Phd Thesis paper writing service How To Write A High School Term Paper write my paper for me free Causes Of World War 2 Essay do my homework Meaning Of Resume can do my essay Essay Paraphrasing Services instant paper writer Refutation Essay write my paper for me for free Spelling Homework Abc Order buy an essay cheap Ninja Custom papers writing help Buy A Paper For School essay editor Essay On Colours write my persuasive paper Buying A Dissertation Viva pay someone write my paper cheap Ready Essays Mba need somebody write my paper Buy College Application Essay 1 need help writing my paper Dissertation Writing For Payment Proposal custom essay Custom Research Paper Writing Service essay writers Best Professional Resume Writing Services Northern Virginia pay someone write my paper Dissertation Microfilms help writing a paper for college Write Stories Online buy narrative essay Dissertation Editing Rate help on writing a paper Help On A Statistics Paper can someone write my paper Best Resume Writing Services In Atlanta Ga Weather buy a philosophy paper Write An Essay Discussing Internationalism And Isolationism do my paper Hnd Assignment Help buy law essay Dissertation On Food Technology custom papers Phd Dissertation Technology Management get someone write my paper Essay Writing Help From Universities write my essay paper Literature Review Chronological Order customized writing paper Advanced Higher History Essay Help where can you buy resume paper Writing An Essay Conclusion help writing a paper for college How To Write A Masters Thesis paper writing services best Creative Writing Dissertation Proposal writer paper Literature Review Of Effective Treatment For Dissociative Identity Disorder buy essay without getting caught When I Help Someone Essay buy personal narrative essay How To Write Custom Workflow In Crm 2011 custom written papers Disciplinary Orientation In A Dissertation finished custom writing paper Custom Essays Online write my business paper Essay On Poetry pay to do my paper Common Application Essay Questions write my philosophy education paper Online Homework And Revision do my essay for cheap Dissertation Fdi Economic Growth order custom papers How To Write An Essay On Dreams buy custom essay uk Solving Scientific Notation Problems help me write my paper Phd Thesis On Corporate Social Responsibility ghost writer for college papers Custom Business Papers buy custom paper Dissertation Procurement papers help Help With Essay Paper buy a philosophy paper Essays On Communication papers writing service Essay On Hiv write my philosophy paper Apa Citation For Dissertation pay for paper Cuban Missile Crisis Essay buy a paper for college Who Can Write My Paper For Money custom papers review Research Based Essay Chinese customized writing paper Marketing Plan Essay help with writing a paper for college Admission Essay Editing Service The World#39s Premier writer paper Purpose Of Phd Thesis write my paper please Fractional Order Controller Thesis professional writing What Are The Best Paper Writing Services psychology paper writing service Phd Thesis Editing Uk buy papers online for college Phd Thesis Organizational Behaviour custom paper writing Mba Essay Conflict get someone write my paper Ghostwriter Nas purchase college papers Ww2 Homework Help Woodlands Junior order custom papers Introduction To Essay paper writing services reviews Thesis Custom Footer help with your paper Distance Education Research Proposal order custom papers Write An Essay About Your Community pay someone to do my paper Uk Dissertations For Sale i don't wanna write my paper Writing A Cv For Academic Positions Receptionist college papers to buy Miranda V Arizona Essay buy argumentative essay English Paper Year 6 write my paper apa style Write Essay Global Warming write my paper me Where Can I Hire Someone To Do My Homework paper writing website How To Write Essays buy essay without getting caught I Need To Buy A College Essay write my paper for me Drug Trafficking Research Paper write my english paper for me Dissertation On Employee Retention help cant do my essay Admission Essay Editing Services What Are Good buy narrative essay How To Write A Good Graduation Paper help with college papers De Quoi Sommes Nous Responsables Dissertation do my papers Writers Workshop Course Reviews best online paper writers Masters Thesis Writing Help college essays Mba Essays For Sale cheap paper writing services Personal Statement For Mba write my papers British Foreign Policy Dissertation do my homework online Ghostwriter Erfahrung where to buy writing paper Law School Admission Essays Service Successful Harvard write my business paper Essay What Is Art For Me buy psychology papers What Is A Critical Essay write my paper cheap Doctoral Dissertation Writing Help Systematic Approach buy essays online Dissertation Kentucky Weaver write my paper for me free Dissertation Management Consultants need help with paper Ms Thesis Phd Thesis Islamic Banking buy essay no plagiarism Essay On Myself pay someone to write your paper Writing Research Paper On Pharmacy writing my research paper Starting A Chicago Style Paper do my paper for money Writing Services In Net help with writing paper Personal Statement For Grad School write my paper apa format Cheap Labor Research Paper help cant do my essay Someone To Do My Homework For Me

What would the Small Business Tax Equity Act do?

This commonsense legislation, The Small Business Tax Equity Act of 2013, creates an exception to Internal Revenue Code Section 280E that allows businesses operating in compliance with state laws to take business-related deductions associated with the sale of marijuana just like any other legal business.

Why is this legislation needed? What is section 280E and what does it do?

Currently, Section 280E the federal tax code prohibits anyone trafficking in Schedule I or Schedule II substances from deducting their business expenses from their taxes or taking any other business credits or deductions related to that business. Trafficking means the buying or selling of drugs covered by Schedule I or II, so a marijuana dispensary would be covered by Section 280E, while a pipe shop would not.

When was this introduced into the tax code and why?

Congress added this prohibition in 1982 after a drug dealer claimed his yacht and weapon purchases as legitimate business expenses. The law successfully ended those behaviors, but now that state laws are changing, it also limits legal and reasonable economic activity now allowed under many state’s laws.

How does 280E impact marijuana businesses?

Marijuana is a Schedule I substance under federal law and therefore even businesses operating in compliance with state law are not allowed to deduct the ordinary expenses of running a small business like rent, utilities, and payroll. They cannot claim the Work Opportunity Tax Credit if they hire a veteran; they cannot depreciate their American made irrigation equipment; and they cannot take any credit or deduction relating to construction or operation costs if they want to revitalize a building for their operations.

Why is the fact that marijuana businesses can’t deduct their expenses a problem?

Because marijuana businesses are not allowed to deduct their expenses, this means that marijuana businesses often pay federal income tax rates in the 65–75% range compared to 15-30%  for other businesses. They are taxed on their gross revenues, unlike all regular businesses, which pay tax only on income after their expenses.

These businesses have no complaints about paying their fair share of taxes, but not being able to deduct expenses creates a disproportionate burden that can put small dispensaries out of business, and will prevent many small business people from entering the industry in the first place, forcing the industry underground.

Barring marijuana small businesses from operating like normal businesses incentivizes criminal activity and tax evasion.

What businesses are would be impacted by this legislation?

Any business involved in the dispensing of marijuana, whether medical or recreational. 19 states have passed laws allowing for the legal use of medical marijuana and there are an estimated one million legal medical marijuana patients across the country. In many states, medical marijuana is sold through dispensaries. These dispensaries provide safe, legal facilities for patients who have been authorized by a physician. These dispensaries are also subject to Section 280E.

Washington and Colorado voters passed measures allowing for the legal recreational use of marijuana. Businesses in these states -- from the production to retail side of the industry -- will soon be opening in full compliance with state law. These businesses will also be subject to Section 280E.

What does this mean for Oregon?

Oregon is likely to soon pass a measure allowing for the expanded legal uses of marijuana, similar to Washington and Colorado. We want to make sure that our businesses are able to operate like normal businesses, and that law-abiding people enter into the industry when that happens. 

fp-button1 fp-button2 fp-button3 40-button