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.