# 119-s-471: No Deductions for Marijuana Businesses Act

119-s-471, No Deductions for Marijuana Businesses Act, is a 119th Congress bill sponsored by Sen. Lankford, James [R-OK] (R-OK); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-471
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-471
- Congress: 119
- Title: No Deductions for Marijuana Businesses Act
- Status: introduced
- Introduced: 2025-02-06
- Sponsor: Sen. Lankford, James [R-OK] (R-OK)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**No federal tax deductions or credits for marijuana businesses.** This bill would amend the tax code to bar any deduction or credit for amounts paid or incurred in carrying on a trade or business that consists of trafficking in marijuana or other controlled substances. It relies on the federal Controlled Substances Act definition of marijuana and covers substances listed on Schedules I and II. The prohibition applies as written to activities prohibited by federal law or by the laws of the state where the trade is conducted and would apply to taxable years ending after enactment.

## Cosponsors (2)

- Sen. Ricketts, Pete [R-NE] (R-NE), 2025-02-06T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2026-02-10T00:00:00.000Z

## Provisions PRIA read

- Higher taxes for marijuana businesses: cost, high. This bill would bar tax deductions and tax credits for businesses that traffic in marijuana. It would also bar deductions and credits for businesses trafficking in Schedule I or II controlled substances. "Marijuana" would use the federal definition in 21 U.S.C. 802(16). The rule would apply if the…

## Related bills

- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-3752: SAVE America Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1639: American Innovation and Jobs Act

## Sources
- [119-s-471 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/471)

## Related
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-471 (as of 2026-04-21).