House Democrats introduce three medical marijuana reform bills

[Playinghardball]

Source: Raw Story
By Eric W. Dolan

Congressman Pete Stark (D-CA), Congressman Barney Frank (D-MA) and Congressman Jared Polis (D-CO) introduced legislation to the House on Wednesday aimed at ensuring the medical marijuana industry is treated like any other business.

The legislation was supported by Republican Reps. Dana Rohrabacher (CA) and Ron Paul (TX).

The Small Business Tax Equity Act, introduced by Stark, authorizes medical marijuana dispensaries to take the full range of business expense deductions on their federal tax returns, like other legal businesses are allowed to.

"Our tax code undercuts legal medical marijuana dispensaries by preventing them from taking all the deductions allowed for other small businesses,” Stark stated. “While unfair to these small business owners, the tax code also punishes the patients who rely on them for safe and reliable access to medical marijuana prescribed by a doctor."

More at: http://www.rawstory.com/rs/2011/05/25/house-democrats-introduce-three-medical-marijuana-reform-bills/

[AndyTiedye]

1. k/r

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