Marijuana Business

Illinois Lawmakers Approve Bill Allowing Marijuana Businesses To Claim State Tax Deductions As Partial IRS 280E Fix.

Kyle Jaeger  | May 29, 2023 | Marijuana Moment Keywords: Funding | State Tax Deductions | Irs | Language | Internal Revenue Service Summary Illinois lawmakers have approved a budget with provisions allowing licensed marijuana businesses to take state tax deductions. They’re currently prohibited from utilizing those deductions at the federal level due to an Internal Revenue […]

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