Special rules for certain tax deductions for pass-through entities

# (a)

Definitions. —

As used in this section:

# (1)

“Qualified business” means a pass-through entity operating a marijuana establishment pursuant to Chapter 13 of Title 4 or Chapter 49A of Title 16.

# (2)

“Qualified expenses” mean the ordinary and necessary business expenses paid or incurred for the taxable year in carrying on a qualified business, which are disallowed as a deduction for federal purposes pursuant to § 280E of the Internal Revenue Code [26 U.S.C. § 280E].

# (b)

Deduction. —

A pass-through entity operating a qualified business may deduct its qualified expenses in computing its total income.