S.Amdt. 1609

SA 1609. Mr. GARDNER submitted an amendment intended to be proposed
by him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

At the end of part IV of subtitle C of title I, add the
following:

SEC. 13311. ALLOWANCE OF DEDUCTIONS AND CREDITS RELATING TO
EXPENDITURES IN CONNECTION WITH MARIJUANA SALES
CONDUCTED IN COMPLIANCE WITH STATE LAW.

(a) In General.--Section 280E is amended by inserting
before the period at the end the following: ``, unless such
trade or business consists of marijuana sales conducted in
compliance with State law''.
(b) Effective Date.--The amendment made by this section
shall apply with respect to taxable years ending after the
date of the enactment of this Act.
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