Bill

Bill > HR8578


US HR8578

US HR8578
Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024


summary

Introduced
05/28/2024
In Committee
05/28/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to establish the truck fleet retreaded tire tax credit, to require Federal agencies to consider the use of retreaded tires, and for other purposes.

AI Summary

This bill, the Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024, aims to promote the use of retreaded tires in the United States. It establishes a tax credit of up to 30% of the cost of qualified retreaded tires placed on trucks with a gross vehicle weight rating over 14,000 pounds. It also requires federal agencies to order retreaded tires instead of new, non-retreaded tires when they are available on the General Services Administration tire schedule. The bill is intended to support the domestic retreading industry, improve the sustainability of truck fleets, and strengthen the supply chain for truck tires in the United States.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 05/28/2024)

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