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Tax Credit for Retreaded Truck Tires and Federal Fleet Requirements.

This law establishes a new tax credit for trucking companies that purchase retreaded tires for heavy vehicles, provided the tires are manufactured and bought within the United States. Furthermore, federal agencies will be required to prioritize the use of retreaded tires when available, supporting domestic manufacturing and environmental sustainability. This aims to lower operating costs for trucking fleets and promote greener transport solutions.
Key points
Trucking fleets (vehicles over 14,000 pounds) can claim a tax credit of up to $30 per qualified retreaded tire purchased in the US.
US government agencies must order retreaded tires instead of new ones if suitable options are available, promoting cost savings and sustainability.
The tax credit is effective for tires placed in service after December 31, 2024, and is set to expire at the end of 2027.
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Expired
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Additional Information
Print number: 118_HR_8578
Sponsor: Rep. Sykes, Emilia Strong [D-OH-13]
Process start date: 2024-05-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8578.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-05-28.

What are the main provisions?

Key points include:

  • Trucking fleets (vehicles over 14,000 pounds) can claim a tax credit of up to $30 per qualified retreaded tire purchased in the US.
  • US government agencies must order retreaded tires instead of new ones if suitable options are available, promoting cost savings and sustainability.
  • The tax credit is effective for tires placed in service after December 31, 2024, and is set to expire at the end of 2027.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sykes, Emilia Strong [D-OH-13].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Transport Economy