HB1202
Conformity with the Internal Revenue Code; cannabis licensees.
Summary
As Introduced. Conformity with the Internal Revenue Code; cannabis licensees.
Deconforms from federal law, as it applies to Virginia medical and recreational cannabis licensees, the prohibition on a deduction or credit for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business consists of trafficking in a controlled substance ... (More) prohibited by federal law. (Less)-
Bill History
- 01/18/2022 - House: Presented and ordered printed 22104011D
- 01/18/2022 - House: Referred to Committee on Finance
- 02/06/2022 - House: Impact statement from TAX (HB1202)
- 02/07/2022 - House: House committee, floor amendments and substitutes offered
- 02/07/2022 - House: Reported from Finance with amendment(s) (21-Y 1-N)
- 02/07/2022 - House: Referred to Committee on Appropriations
- 02/15/2022 - House: Left in Appropriations