Bill > S4685

This bill, the Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024, has several key provisions: 1. It establishes a tax credit for truck fleet owners who purchase qualified retreaded tires made in the United States. The credit is up to 30% of the cost of each tire, with a maximum of $30 per tire. 2. It requires federal agencies to prioritize the use of retreaded tires over new, non-retreaded tires for their vehicle fleets, as long as the retreaded tires are available and meet the required specifications. This is intended to support the domestic retreading industry and improve the sustainability of federal transportation. 3. The tax credit will be available for qualified retreaded tires placed in service after December 31, 2024, and will terminate for tires placed in service after December 31, 2027. The aim of the bill is to boost the domestic retreaded tire industry, enhance the security and resilience of the tire supply chain, and promote more sustainable transportation practices in the federal government and private truck fleets.