H.R. 3401
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to establish the retreaded tire credit, to require Federal agencies to consider the use of retreaded tires, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · May 14, 2025 · Sponsor: Mr. LaHood
Table of contents
Sec. 45BB. Retreaded tire credit.
- (a) In general
- For purposes of section 38, the retreaded tire credit for any taxable year is an amount equal to the sum of the credit amounts determined under subsection (b) with respect to the taxpayer for the taxable year.
- (b) Per tire amount
- There shall be a credit equal to so much of the qualified tire retreading expenses of the taxpayer as do not exceed the lesser of—
- 30 percent of the amount paid or incurred by the taxpayer to purchase qualified retreaded tires placed in service during the taxable year, or
- the product of $30 multiplied by the number of qualified retreaded tires placed in service by the taxpayer during the taxable year.
- There shall be a credit equal to so much of the qualified tire retreading expenses of the taxpayer as do not exceed the lesser of—
- (c) Qualified retreaded tire
- The term
qualified retreaded tiremeans a retreaded tire—- retreaded in the United States, and
- purchased by the taxpayer in the United States.
- The term
- (d) Regulations and guidance
- The Secretary shall issue such regulations and guidance as the Secretary determines necessary to carry out the purposes of this section.
- (e) Termination
- No credit shall be determined under this section with respect to qualified retreaded tires placed in service after December 31, 2028.