Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Section of the Internal Revenue Code
|
| gptkbp:affects |
Cannabis industry
|
| gptkbp:allows |
Deduction of cost of goods sold
|
| gptkbp:appliesTo |
Businesses trafficking in controlled substances
|
| gptkbp:codifiedIn |
gptkb:Title_26_of_the_United_States_Code
|
| gptkbp:compatibleWith |
Legal pharmaceuticals
|
| gptkbp:dateEnacted |
1982
|
| gptkbp:enforcedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:excludes |
Cost of goods sold deduction
|
| gptkbp:fullTitle |
Internal Revenue Code Section 280E
|
| https://www.w3.org/2000/01/rdf-schema#label |
280E
|
| gptkbp:impact |
Higher effective tax rates for cannabis businesses
|
| gptkbp:prohibits |
Deduction of ordinary business expenses
|
| gptkbp:reasonForEnactment |
Combat illegal drug trade
|
| gptkbp:relatedTo |
gptkb:Controlled_Substances_Act
Federal tax law |
| gptkbp:bfsParent |
gptkb:Mercedes-Benz_W123_(compact_models)
gptkb:Mercedes-Benz_W123 |
| gptkbp:bfsLayer |
7
|