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- S.4105
S.4105: Supply Chain Disruptions Relief Act
About This Bill
- Introduced April 28, 2022
- Latest Major Action Dec. 23, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
59 (23 Democrats, 1 Independent Democrat, 35 Republicans)
Bill Version
- Introduced in Senate - April 28, 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 |
|---|---|
| Dec. 23, 2022 |
Message on Senate action sent to the House.
|
| Dec. 23, 2022 |
Held at the desk.
|
| Dec. 23, 2022 |
Received in the House.
|
| Dec. 22, 2022 |
Passed the SenatePassed Senate without amendment by Unanimous Consent. (consideration: CR S10102; text: CR S10102) |
| Dec. 22, 2022 |
Senate Committee on Finance discharged by Unanimous Consent. |
| April 28, 2022 |
Read twice and referred to the Committee on Finance.
|
| April 28, 2022 |
Introduced in the Senate by Sherrod Brown (D-Ohio) |