arrow_back Civic Audit
Share share

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.
article Official text account_balance Process page notifications_active Track this Bill
Status: Expired
Civic Will
Checking votes...
I support
I oppose
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 118_S_4685
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2024-07-11