H.R. 8578 · 118th Congress
Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
- Stage
- In committee
- Sponsor
- Emilia Sykes
- Introduced
- 2024-05-28
- Latest action
- 2024-05-28 · Introduced in House
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 exceeding $30 per tire.
A qualified retreaded tire is a retreaded truck tire that is retreaded and purchased in the United States.