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 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 prohibited by federal law.

Statutes affected:
House: Prefiled and ordered printed; offered 01/11/23 23102782D: 58.1-301