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Tax Credit for Retreaded Truck Tires and Federal Fleet Usage Mandate.

This Act establishes a new tax credit for truck fleets purchasing retreaded tires made in the U.S., aiming to support domestic jobs and supply chain security. Furthermore, federal agencies are required to prioritize the use of retreaded tires when available, promoting sustainability and cost savings in government operations.
Key points
New Tax Credit: Truck fleets can claim a credit of up to 30% of the cost (or $30 per tire, whichever is less) for qualified retreaded tires.
Domestic Production Requirement: The credit applies only to tires retreaded and purchased within the United States, supporting local manufacturing.
Federal Mandate: Government agencies must order retreaded tires instead of new ones if they are available on the GSA schedule, enhancing sustainability efforts.
Credit Duration: The tax credit is effective for tires placed in service after December 31, 2024, and terminates after December 31, 2027.
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Additional Information
Print number: 118_S_4685
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2024-07-11
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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_S_4685.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-07-11.

What are the main provisions?

Key points include:

  • New Tax Credit: Truck fleets can claim a credit of up to 30% of the cost (or $30 per tire, whichever is less) for qualified retreaded tires.
  • Domestic Production Requirement: The credit applies only to tires retreaded and purchased within the United States, supporting local manufacturing.
  • Federal Mandate: Government agencies must order retreaded tires instead of new ones if they are available on the GSA schedule, enhancing sustainability efforts.
  • Credit Duration: The tax credit is effective for tires placed in service after December 31, 2024, and terminates after December 31, 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 Sen. Brown, Sherrod [D-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Transport Environment