What is the official ID of this bill?
The official print number for this legislation is HR 8578.
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.
Status:
Expired
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