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An Act To Provide Tax Fairness and To Lower Medical Expenses for Patients under the Maine Medical Use of Marijuana Act
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  36 MRSA §5122, sub-§2, ¶¶NN and OO  are enacted to read:
 
NN.  For taxable years beginning on or after January 1, 2015, an amount equal to the cost of operating in accordance with the Maine Medical Use of Marijuana Act a registered dispensary, as defined in Title 22, section 2422, subsection 6.
 
OO.  For taxable years beginning on or after January 1, 2015, an amount equal to the amount paid for medical marijuana purchased in accordance with the Maine Medical Use of Marijuana Act by a qualifying patient, as defined in Title 22, section 2422, subsection 9.
Sec. 2.  36 MRSA §5200-A, sub-§2, ¶Z  is enacted to read:
 
Z.  For taxable years beginning on or after January 1, 2015, an amount equal to the cost of operating in accordance with the Maine Medical Use of Marijuana Act a registered dispensary of medical marijuana, as defined in Title 22, section 2422, subsection 6.
 
SUMMARY
This bill allows a taxpayer, either an individual or corporation, that operates a registered dispensary of medical marijuana pursuant to the Maine Medical Use of Marijuana Act to deduct from income the costs of operating that registered dispensary. The bill also allows a qualified patient to deduct from income the costs of medical marijuana purchased by that qualifying patient.