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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.

Senate Actions

IntroReferral
Jul. 11 2024	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Jul. 11 2024	Introduced in Senate

Senate bill S4685-118

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

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