Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
Taxation
house
senate
president
Introduced on May 28, 2024 by Emilia Strong Sykes
Cosponsors
Legislation Details
Last updated 9/11/2024
Introduced on May 28, 2024 by Emilia Strong Sykes
Last updated 9/11/2024
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 exceeding $30 per tire.
A qualified retreaded tire is a retreaded truck tire that is retreaded and
purchased in the United States.