S 4105
117th Congress
Senate
Taxation
Accounting and auditing
Administrative law and regulatory procedures
Department of the Treasury
Income tax deferral
Motor vehicles
Tax administration and collection, taxpayers
Supply Chain Disruptions Relief Act
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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Plain-English 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.
What's happening now
Held at the desk.
Related & companion bills
1
Bill text
2 versions
- Engrossed in Senate Formatted Text PDF Formatted XML
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
46
R
Hagerty, Bill
R
Thune, John
D
Blumenthal, Richard
R
Paul, Rand
D
Rosen, Jacky
D
Coons, Christopher A.
R
Sullivan, Dan
R
Young, Todd
R
Scott, Rick
D
Van Hollen, Chris
D
Schumer, Charles E.
R
Cornyn, John
D
Klobuchar, Amy
R
Fischer, Deb
D
Peters, Gary C.
D
Shaheen, Jeanne
D
Smith, Tina
D
Duckworth, Tammy
R
Johnson, Ron
R
Cassidy, Bill
R
Hyde-Smith, Cindy
R
Risch, James E.
R
Rounds, Mike
R
Hoeven, John
R
Cramer, Kevin
R
Ernst, Joni
D
Kelly, Mark
R
Tillis, Thomas
R
Grassley, Chuck
D
Baldwin, Tammy
R
Barrasso, John
R
Wicker, Roger F.
R
Blackburn, Marsha
R
Daines, Steve
D
Padilla, Alex
R
Boozman, John
R
Capito, Shelley Moore
D
Warnock, Raphael G.
D
Hassan, Margaret Wood
R
Moran, Jerry
I
King, Angus S., Jr.
D
Cortez Masto, Catherine
R
Lummis, Cynthia M.
R
Marshall, Roger
D
Murray, Patty
R
Scott, Tim
Cite this page
U.S. Congress. (2026). S. 4105: Supply Chain Disruptions Relief Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4105/
"S. 4105: Supply Chain Disruptions Relief Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4105/.
S. 4105, 117th Cong. (2026), https://openamerica.io/bill/117-S-4105/.
[S. 4105: Supply Chain Disruptions Relief Act](https://openamerica.io/bill/117-S-4105/)