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H.R. 700 · 118th Congress

Supply Chain Disruptions Relief Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

169 cosponsors · 74 D, 95 R
DKD Kildee JJR James RER Estes BFR Fitzpatrick MGR Gallagher DHR Harshbarger TTR Tiffany JGD Gottheimer BSR Steil DBD Beyer SFR Fitzgerald JMR Moolenaar JPD Panetta RWR Wittman EBD Blumenauer JGD Golden CHD Houlahan DKD Kilmer JLD Larson JMD Morelle MPD Pocan DTD Trone SBD Bishop BBD Boyle JCD Costa GCD Connolly JCD Chu ACD Craig BMD McCollum MRR Rogers KSR Self DTD Titus MVD Veasey JBD Brownley DED Evans CTR Tenney AWR Wagner HGR Griffith BJR Johnson BPD Pascrell SCD Carbajal MDD Dean AFR Ferguson LGR Gooden SJD Jacobs DRD Ross ESD Swalwell SWD Wild MCD Cartwright CFR Fleischmann DSR Schweikert MBR Bost KBR Buck BCR Cline SDD DelBene MSR Simpson DVR Van Orden DDD Davis MFR Flood BHD Higgins LTD Trahan LBD Blunt Rochester BFR Finstad MKD Kaptur MKR Kelly CPD Pappas LSD Sánchez VED Escobar BMR Moore DDD Davis JJR Jordan JJD Jackson JLR LaTurner CMR Miller JMD Moskowitz PSR Sessions BWR Wenstrup RWR Williams TBR Balderson PSR Stauber JBD Beatty DDD Dingell WDR Davidson MFR Fischbach AKD Kuster TNR Nehls DPD Phillips CRD Ruppersberger NTD Torres JVR Van Drew ABR Barr PFR Fallon DLR LaHood GMR Murphy MSR Salazar JVD Vargas MCR Carey CCR (Chuck) Edwards JGD Gomez MMR Miller-Meeks DND Norcross HSD Stevens GGD (Gabe) Vasquez DKR Kustoff DLR LaMalfa DVR Valadao NND (Nikki) Budzinski FMD Mrvan MRR Rosendale DSD Scott ASR Smith ESR Stefanik DBR Bacon YCD Caraveo CGR Gimenez TSD Sewell LCR Chavez-DeRemer JHD Harder TKR Kelly RKD Krishnamoorthi AKD Kim RLR Latta MSR Steel MAR Amodei JCD Crockett NLR Langworthy GLD Landsman BOR Owens DRR Rouzer HSD Scholten SWR Womack RZR Zinke MAR Alford MER Ezell MGR Guest SLD Lee TMR Mann DMR Meuser BCR Carter SBD Bonamici RFR Feenstra AGR Garbarino GRR Reschenthaler BFD Foster KGR Granger LBR Bucshon MDR De La Cruz MGR Green ZZR (Zach) Nunn GTR Thompson TBR Burchett TCD Carter YKR Kim SPR Perry PTD Tonko BBR Babin JCR Ciscomani ESD Sykes SBD Brown CPD Pingree AHR Hinson BVR Van Duyne DJR Joyce MMR Miller MTR Turner ASD Spanberger HHR Hageman RHR Hudson TKR Kean

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in House · Feb 1, 2023

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Supply Chain Disruptions Relief Act

Latest action (Feb 1, 2023): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Feb 1, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.