HOUSE 700118th CongressReferred to the Subcommittee on Health.
Expressing support for the designation of September 2023 as "National Prostate Cancer Awareness Month".
- Last Action
- 9/22/2023
Actions
- 2023-02-01Referred to the House Committee on Ways and Means.
- 2023-02-01Introduced in House
- 2023-02-01Introduced in House
CRS Summary
As of 2023-02-01 (00)
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 (20)
- Daniel Kildee (D-MI)
- John James (R-MI)
- Ron Estes (R-KS)
- Brian Fitzpatrick (R-PA)
- Diana Harshbarger (R-TN)
- Thomas Tiffany (R-WI)
- Mike Gallagher (R-WI)
- Josh Gottheimer (D-NJ)
- Bryan Steil (R-WI)
- Scott Fitzgerald (R-WI)
- Donald Beyer (D-VA)
- Robert Wittman (R-VA)
- Jimmy Panetta (D-CA)
- John Moolenaar (R-MI)
- David Trone (D-MD)
- Jared Golden (D-ME)
- Derek Kilmer (D-WA)
- Joseph Morelle (D-NY)
- JOHN LARSON (D-CT)
- Chrissy Houlahan (D-PA)
Subjects
- Accounting and auditing
- Administrative law and regulatory procedures
- Department of the Treasury
- Income tax deferral
- Motor vehicles
- Tax administration and collection, taxpayers
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.