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

USA118th CongressS-4685| Senate 
| Updated: 7/11/2024
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 28, 2024

Latest Companion Bill Action

HR 118-8578
Introduced in House
Jul 11, 2024
Introduced in Senate
Jul 11, 2024
Read twice and referred to the Committee on Finance.
  • May 28, 2024

    Latest Companion Bill Action

    HR 118-8578
    Introduced in House


  • July 11, 2024
    Introduced in Senate


  • July 11, 2024
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 118-8578: Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

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

USA118th CongressS-4685| Senate 
| Updated: 7/11/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 28, 2024

Latest Companion Bill Action

HR 118-8578
Introduced in House
Jul 11, 2024
Introduced in Senate
Jul 11, 2024
Read twice and referred to the Committee on Finance.
  • May 28, 2024

    Latest Companion Bill Action

    HR 118-8578
    Introduced in House


  • July 11, 2024
    Introduced in Senate


  • July 11, 2024
    Read twice and referred to the Committee on Finance.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Finance Committee

Taxation

Related Bills

  • HR 118-8578: Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted