Explore federal and state taxation of marijuana and examine major legislation and case law. Compare taxation in Pennsylvania with California and Colorado, where marijuana has been legalized for many years. Examine federal cases regarding the income taxation of legalized marijuana businesses. Discuss constitutional challenges to Section 280E of the Internal Revenue Code, which prohibits all deductions (other than cost of goods sold) for legalized marijuana businesses. Review federal tax planning for legalized marijuana businesses, including opportunities related to capitalization and depreciation.
PICPA Member: $74
Nonmember: $99
Course No. 786300 Level: Update
Prerequisites: None