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S. 4105 117th Congress Senate

Supply Chain Disruptions Relief Act

Official title: A bill to treat certain liquidations of new motor vehicle inventory as qualified liquidations of LIFO inventory for purposes of the Internal Revenue Code of 1986.

Introduced: June 16, 2022 See on congress.gov
Taxation Accounting and auditingAdministrative law and regulatory proceduresDepartment of the TreasuryIncome tax deferral
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Motor vehiclesTax administration and collection, taxpayers
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 23, 2022
Held at the desk.
Dec 23, 2022
Received in the House.
Dec 23, 2022
Message on Senate action sent to the House.
Dec 22, 2022
Passed Senate without amendment by Unanimous Consent. (consideration: CR S10102; text: CR S10102)
Dec 22, 2022
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Dec 22, 2022
Senate Committee on Finance discharged by Unanimous Consent.
Apr 28, 2022
Read twice and referred to the Committee on Finance.
Apr 28, 2022
Introduced in Senate
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 Latest action December 23, 2022

Held at the desk.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 7382 Identical bill Supply Chain Disruptions Relief Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 48
All 48 Democratic 17 Republican 28 Independent 1
R
Hagerty, Bill
Tennessee · Dec 15, 2022
 R
Thune, John
South Dakota · Dec 6, 2022
 D
Blumenthal, Richard
Connecticut · Sep 29, 2022
 R
Paul, Rand
Kentucky · Sep 29, 2022
 D
Rosen, Jacky
Nevada · Sep 27, 2022
 D
Coons, Christopher A.
Delaware · Sep 21, 2022
 R
Sullivan, Dan
Alaska · Sep 21, 2022
 R
Young, Todd
Indiana · Sep 6, 2022
 R
Scott, Rick
Florida · Aug 3, 2022
 D
Van Hollen, Chris
Maryland · Jul 28, 2022
 D
Schumer, Charles E.
New York · Jul 27, 2022
 R
Cornyn, John
Texas · Jul 20, 2022
 D
Klobuchar, Amy
Minnesota · Jul 20, 2022
 R
Fischer, Deb
Nebraska · Jul 13, 2022
 D
Peters, Gary C.
Michigan · Jul 13, 2022
 D
Shaheen, Jeanne
New Hampshire · Jul 13, 2022
 D
Smith, Tina
Minnesota · Jul 13, 2022
 D
Duckworth, Tammy
Illinois · Jun 23, 2022
Burr, Richard
· Jun 16, 2022
 R
Johnson, Ron
Wisconsin · Jun 16, 2022
 R
Cassidy, Bill
Louisiana · Jun 15, 2022
 R
Hyde-Smith, Cindy
Mississippi · Jun 15, 2022
 R
Risch, James E.
Idaho · Jun 15, 2022
 R
Rounds, Mike
South Dakota · Jun 15, 2022
Blunt, Roy
· Jun 14, 2022
 R
Hoeven, John
North Dakota · Jun 14, 2022
 R
Cramer, Kevin
North Dakota · Jun 13, 2022
 R
Ernst, Joni
Iowa · Jun 13, 2022
 D
Kelly, Mark
Arizona · Jun 8, 2022
 R
Tillis, Thomas
North Carolina · May 26, 2022
 R
Grassley, Chuck
Iowa · May 25, 2022
 D
Baldwin, Tammy
Wisconsin · May 24, 2022
 R
Barrasso, John
Wyoming · May 24, 2022
 R
Wicker, Roger F.
Mississippi · May 24, 2022
 R
Blackburn, Marsha
Tennessee · May 19, 2022
 R
Daines, Steve
Montana · May 19, 2022
 D
Padilla, Alex
California · May 19, 2022
 R
Boozman, John
Arkansas · May 17, 2022
 R
Capito, Shelley Moore
West Virginia · May 17, 2022
 D
Warnock, Raphael G.
Georgia · May 17, 2022
 D
Hassan, Margaret Wood
New Hampshire · May 11, 2022
 R
Moran, Jerry
Kansas · May 11, 2022
 I
King, Angus S., Jr.
Maine · May 5, 2022
 D
Cortez Masto, Catherine
Nevada · Apr 28, 2022
 R
Lummis, Cynthia M.
Wyoming · Apr 28, 2022
 R
Marshall, Roger
Kansas · Apr 28, 2022
 D
Murray, Patty
Washington · Apr 28, 2022
 R
Scott, Tim
South Carolina · Apr 28, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4105: Supply Chain Disruptions Relief Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4105/
MLA
"S. 4105: Supply Chain Disruptions Relief Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4105/.
Bluebook (legal)
S. 4105, 117th Cong. (2026), https://openamerica.io/bill/117-S-4105/.
Markdown link
[S. 4105: Supply Chain Disruptions Relief Act](https://openamerica.io/bill/117-S-4105/)
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