SB 436 - This act allows taxpayers authorized under the Missouri Constitution to operate a business related to medical marijuana to claim an income tax deduction in an amount equal to any expenditures otherwise allowable as a federal income tax deduction, but that are disallowed for federal purposes because cannabis is a controlled substance under federal law. This act is substantially similar to HB 877 (2021)) and to a provision contained in CCS/HCS/SB 226 (2021) and HCS/SS/SB 283 (2021).
JOSH NORBERG
Statutes affected: Introduced (1991S.01):
143.121
Senate Committee Minutes: SENATE COMMITTEE MINUTES Bill No.: SB 436
Sponsor: Hoskins
Hearing Date: 3/11/2021
COMMITTEE: Ways and Means
CHAIRMAN: Koenig
DATE REFERRED: 2/25/2021 DATE HEARING REQUESTED: 2/25/2021
STAFF:
Rob Krosley
Josh Norberg
Daniel Wilhelm
WITNESSES GIVING INFORMATION:
WITNESSES FOR:
Nick Rinella - Hippos
Tracy King - MOCANN Trade Association
Grover Norquist - Americans fro Tax Reform
David Smith
Arnie Dienoff
WITNESSES AGAINST: