Natural medicine business expenses

A subtraction is allowed to individuals licensed under the Colorado Natural Medicine Code (article 50 of title 44, C.R.S.) for an amount equal to any expenditure that would be eligible to be claimed as a federal income tax deduction, but for which deduction is disallowed by section 280E of the Internal Revenue Code because natural medicine is a controlled substance under federal law. Additional information about natural medicine under the Colorado Natural Medicine Code can be found online on the Natural Medicine Division website .