Bill > HR3401

This bill establishes a new tax credit to incentivize the production and use of retreaded tires in the United States, while also requiring federal agencies to prioritize purchasing retreaded tires. Specifically, the bill creates a tax credit for businesses that purchase qualified retreaded tires (defined as tires retreaded and purchased within the United States), offering a credit of either 30% of the purchase cost or $30 per tire, whichever is less. The credit would be available for tires placed in service between January 1, 2026, and December 31, 2028. Additionally, the bill mandates that federal agencies must order retreaded tires from the General Services Administration tire schedule when such tires are available in the required specifications, instead of purchasing new, non-retreadable tires. The Federal Acquisition Regulation will be updated within one year of the bill's enactment to incorporate these requirements. The broader goal of the legislation appears to be supporting the domestic tire retreading industry, promoting sustainability by reducing tire waste, and creating economic opportunities in the tire manufacturing and recycling sectors.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3401/all-info