Shaheen, Bipartisan Group of Senators Introduce Legislation to Provide Tax Relief for Auto Dealers
February 24, 2023
February 24, 2023
WASHINGTON, Feb. 24 -- Sen. Jeanne Shaheen, D-New Hampshire, issued the following news release:
U.S. Senator Jeanne Shaheen (D-NH) recently joined a bipartisan group of lawmakers to introduce the Supply Chain Disruptions Relief Act, which would 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 m . . .
U.S. Senator Jeanne Shaheen (D-NH) recently joined a bipartisan group of lawmakers to introduce the Supply Chain Disruptions Relief Act, which would 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 m . . .