S. 4685 · 118th Congress
Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BrownSponsorNo cosponsors.
Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
What it does: CRS summary · Introduced in Senate · Jul 11, 2024
Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
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 nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024
Latest action (Jul 11, 2024): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jul 11, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.