Sen. Brown, Colleagues Introduce Legislation to Provide Tax Relief for Auto Dealers
April 29, 2022
April 29, 2022
WASHINGTON, April 29 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
U.S. Senator Sherrod Brown (D-OH) is leading colleagues in introducing bipartisan legislation to provide tax relief to auto dealers experiencing inventory shortages due to global supply chain issues. Auto dealerships often use the Last-In First-Out (LIFO) inventory method, which can result in a large tax bill for dealerships that don't maintain a minimum level of inventory at the close of the . . .
U.S. Senator Sherrod Brown (D-OH) is leading colleagues in introducing bipartisan legislation to provide tax relief to auto dealers experiencing inventory shortages due to global supply chain issues. Auto dealerships often use the Last-In First-Out (LIFO) inventory method, which can result in a large tax bill for dealerships that don't maintain a minimum level of inventory at the close of the . . .