Another shot at LIFO tax relief in the U.S. House: Bill reintroduced, but path in split Congress is unclear: Bill reintroduced, but path in split Congress is unclear

摘要

WASHINGTON-Two House lawmakers have revived a bill that could help dealers who faced unavoidable, and potentially massive, tax bills in recent years. U.S. Reps. Dan Kildee, D-Mich., and Jodey Arrington, R-Texas, reintroduced legislation last week that would provide tax relief to dealerships that use the "last in, first out" inventory accounting method and have struggled to maintain inventory levels because of the global semiconductor shortage.