Supply Chain Disruptions Relief Act

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.

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Timeline

1. 1 February 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 February 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 February 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 February 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 February 2023

  Open at official source

Sponsors

• Rep. Arrington, Jodey C. [R-TX-19] · R · Sponsor
• Daniel Kildee · D · Sponsor
• John James · R · Cosponsor
• Rep. Estes, Ron [R-KS-4] · R · Cosponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Harshbarger, Diana [R-TN-1] · R · Cosponsor
• Thomas Tiffany · R · Cosponsor
• Mike Gallagher · R · Cosponsor
• Rep. Gottheimer, Josh [D-NJ-5] · D · Cosponsor
• Bryan Steil · R · Cosponsor
• Scott Fitzgerald · R · Cosponsor
• Rep. Beyer, Donald S. [D-VA-8] · D · Cosponsor
• Robert Wittman · R · Cosponsor
• Rep. Panetta, Jimmy [D-CA-19] · D · Cosponsor
• John Moolenaar · R · Cosponsor
• David Trone · D · Cosponsor
• Jared Golden · D · Cosponsor
• Derek Kilmer · D · Cosponsor
• Joseph Morelle · D · Cosponsor
• John Larson · D · Cosponsor
• Rep. Houlahan, Chrissy [D-PA-6] · D · Cosponsor
• Earl Blumenauer · D · Cosponsor
• Rep. Pocan, Mark [D-WI-2] · D · Cosponsor
• Rep. Costa, Jim [D-CA-21] · D · Cosponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Cosponsor
• Rep. Titus, Dina [D-NV-1] · D · Cosponsor
• Gerald Connolly · D · Cosponsor
• Mike Rogers · R · Cosponsor
• Angie Craig · D · Cosponsor
• Rep. Chu, Judy [D-CA-28] · D · Cosponsor
• Brendan Boyle · D · Cosponsor
• Sanford Bishop · D · Cosponsor
• Keith Self · R · Cosponsor
• Betty McCollum · D · Cosponsor
• Julia Brownley · D · Cosponsor
• Ann Wagner · R · Cosponsor
• Rep. Tenney, Claudia [R-NY-24] · R · Cosponsor
• Dwight Evans · D · Cosponsor
• H. Griffith · R · Cosponsor
• Bill Johnson · R · Cosponsor
• Bill Pascrell · D · Cosponsor
• Rep. Ross, Deborah K. [D-NC-2] · D · Cosponsor
• Rep. Carbajal, Salud O. [D-CA-24] · D · Cosponsor
• Rep. Jacobs, Sara [D-CA-51] · D · Cosponsor
• Susan Wild · D · Cosponsor
• Lance Gooden · R · Cosponsor
• Eric Swalwell · D · Cosponsor
• Rep. Dean, Madeleine [D-PA-4] · D · Cosponsor

Showing 48 of 171 sponsors and actors.

Related records

• related to ← Supply Chain Disruptions Relief Act