Bill > S2790

This bill establishes a new tax credit for retreaded tires and requires federal agencies to prioritize their use. Specifically, the bill creates a tax credit for businesses that purchase qualified retreaded tires made in the United States, allowing taxpayers to claim either 30% of the tire's cost or $30 per tire (whichever is less) as a credit. The credit will 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 desired size, load range, and tread designation, instead of purchasing new, non-retreadable tires. The Federal Acquisition Regulatory Council is required to update federal acquisition regulations within one year of the bill's enactment to reflect this requirement. The goal of the legislation appears to be supporting the domestic tire retreading industry, promoting sustainability by encouraging tire reuse, and potentially creating jobs in the tire retreading sector.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2790/all-info