Supply Chain Disruptions Relief Act
Latest action · Apr 4, 2022 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 4, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 174
Members who signed on, in the order they did. Signatures ran from Apr 4, 2022 to Dec 21, 2022, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TX | Jodey C. Arrington | Original | Apr 4, 2022 |
| D-IN | André Carson | Apr 5, 2022 | |
| D-VA | Donald S. Beyer, Jr. | Apr 5, 2022 | |
| R-PA | Mike Kelly | Apr 5, 2022 | |
| D-CA | Jimmy Panetta | Apr 6, 2022 | |
| D-OR | Kurt Schrader | Apr 6, 2022 | |
| R-TX | Roger Williams | Apr 6, 2022 | |
| D-PA | Michael F. Doyle | Apr 14, 2022 | |
| R-NY | Tom Reed | Apr 14, 2022 | |
| R-WV | Alexander X. Mooney | Apr 21, 2022 | |
| R-OH | Brad R. Wenstrup | Apr 21, 2022 | |
| D-MI | Brenda L. Lawrence | Apr 21, 2022 | |
| D-NY | Brian Higgins | Apr 21, 2022 | |
| D-IN | Frank J. Mrvan | Apr 21, 2022 | |
| R-AL | Mike Rogers | Apr 21, 2022 |
Actions 2
Everything that happened, newest first.
- Apr 4, 2022Introduced in House
- Apr 4, 2022Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4105 | Supply Chain Disruptions Relief Act | Identical bill | Dec 23, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 4, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
