Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

United States118th CongressS-4685Senate
Updated: Jul 11, 2024

Summary

Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024 This bill allows a new tax credit through 2027 for truck fleet retreaded tires. The amount of the credit shall be equal to the lesser of 30% of the basis of each qualified retreaded tire or the amount incurred by a taxpayer to purchase such tires not to exceed $30 per tire. A qualified retreaded tire is a retreaded truck tire that is retreaded and purchased in the United States. The bill requires agency heads to purchase retreadable tires of certain sizes, load ranges, and desired tread designation instead of new non retreadable tires.

Bill texts

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Introduced (Senate)View official text

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Timeline

Latest companion bill action

HR-8578: Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  1. Read twice and referred to the Committee on Finance.

    Senate

  2. Introduced in Senate

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