Congressman Says Letting Marijuana Businesses Claim Federal Tax Deductions With 280E Repeal Will Actually Generate More Revenue

“Louisiana received about $1,900 in revenue [last year] and the market is actually stamp collectors. I don’t know that they’ve even recouped the price of printing all the stamps yet.”

By Piper Hutchinson, LA Illuminator

A Louisiana House committee voted down a bill Monday that would have repealed a little-used and little-enforced tax on the sale of illegal marijuana.

House Bill 492, sponsored by Rep. Joe Marino (I) would have abolished a program that required dealers to buy stamps to place on every parcel of illegal marijuana sold.

The bill was killed in the House Committee on Ways and Means on a 6-7 vote, with Republican Reps. Ryan Bourriaque, Jeremy LaCombe, and Joseph Orgeron joining Democrats in supporting the bill.

The state Department of Revenue, which administers the program, is still using its first run of the stamps dating back to the start of the program in 1990, Marino said. He came to the committee meeting with a book of the stamps, which were numbered in the 9000s, suggesting that relatively few have been sold.

“Louisiana received about $1,900 in revenue [last year] and the market is actually stamp collectors,” Marino said. “I don’t know that they’ve even recouped the

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