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- H.R.7382
H.R.7382: Supply Chain Disruptions Relief Act
About This Bill
- Introduced April 4, 2022
- Latest Major Action April 4, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
172 (77 Democrats, 95 Republicans)
Bill Version
- Introduced in House - April 4, 2022
Bill Summary
Supply Chain Disruptions Relief Act This bill modifies the treatment of liquidations of new motor vehicle inventory as qualified LIFO (last in first out accounting method) inventory. It allows new motor vehicle dealers to elect to wait until the end of 2025 to replace their inventory for purposes of determining income attributable to the sale of such inventory during 2020 and 2021.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 4, 2022 |
Referred to the House Committee on Ways and Means.
|
April 4, 2022 |
Introduced in the House by Dan Kildee (D-Mich.) |