No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which is prohibited by Federal law or the law of any State in which such trade or business is conducted.
Pub. L. 97–248, title III, § 351(a)96 Stat. 640(Added , , .)
Editorial Notes
References in Text
Pub. L. 91–51384 Stat. 1242section 812 of Title 21section 801 of Title 21The Controlled Substances Act, referred to in text, is title II of , , , which is classified principally to subchapter I (§ 801 et seq.) of chapter 13 of Title 21, Food and Drugs. Schedules I and II are set out in . For complete classification of this Act to the Code, see Short Title note set out under and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 97–248, title III, § 351(c)96 Stat. 640