118th Congress Taxation
S. 4685: Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill allows a new tax credit through 2027 for truck fleet retreaded tires. The amount of the credit shall be equal to the lesser of 30% of the basis of each qualified retreaded tire or the amount incurred by a taxpayer to purchase such tires not to exceed $30 per tire.
A qualified retreaded tire is a retreaded truck tire that is retreaded and purchased in the United States.
The bill requires agency heads to purchase retreadable tires of certain sizes, load ranges, and desired tread designation instead of new non retreadable tires.
Written by the Congressional Research Service, Library of Congress.
Roll calls
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Amendments
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History
- Introduced in the Senate by Sherrod Brown.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.