Politico Pro Florida: Curbelo files bill to make it easier for medical marijuana firms to pay taxes

By Daniel Ducassi

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Washington, March 30, 2017 | comments
South Florida Republican Congressman Carlos Curbelo is teaming up with an Oregon Democrat to introduce a bill that would allow marijuana businesses that operate in compliance with state law to claim common tax deductions and credits.

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“One of my goals in Congress is to ensure the law treats all enterprises with fairness and equity; giving them the opportunity to grow and prosper,” Curbelo said in a statement. “This bill clarifies our federal tax code for those marijuana businesses operating legally and in compliance with state regulations by providing tax parity.”

The push comes as a slew of new states legalized either medical or recreational cannabis last November, including Florida, where 71 percent of voters called for an expansion of the state’s narrowly tailored medical marijuana regime.

Curbelo is partnering on the measure (HR 1810) with U.S. Rep. Earl Blumenauer, a Democrat from Portland, Oregon, who has advocated for legalization of recreational marijuana.

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Keep reading here.
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