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Tax relief for car dealers due to supply chain disruptions.

This act introduces special tax rules for new motor vehicle dealers who faced inventory shortages between 2020 and 2021. It allows them to defer tax payments on missing inventory, aiming to stabilize their finances during a challenging period. Citizens may experience an indirect impact through a more stable automotive market.
Key points
New car dealers can defer tax payments on inventory shortages if caused by supply chain disruptions in 2020-2021.
They receive an extended period to replace liquidated inventory to avoid additional taxes and interest.
The goal is to support the automotive industry in managing vehicle shortages and stabilizing the market.
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Expired
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Additional Information
Print number: 117_S_4105
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2022-04-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Supply Chain Disruptions Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4105.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-28.

What are the main provisions?

Key points include:

  • New car dealers can defer tax payments on inventory shortages if caused by supply chain disruptions in 2020-2021.
  • They receive an extended period to replace liquidated inventory to avoid additional taxes and interest.
  • The goal is to support the automotive industry in managing vehicle shortages and stabilizing the market.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Brown, Sherrod [D-OH].

What is the latest detailed status?

The latest detailed status is: Passed Senate without amendment by Unanimous Consent. (consideration: CR S10102; text: CR S10102)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Economy