Docket
118th Congress · HOUSE BILLBILL

H.R. 8578 — Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

“To amend the Internal Revenue Code of 1986 to establish the truck fleet retreaded tire tax credit, to require Federal agencies to consider the use of retreaded tires, and for other purposes.”

Taxation
Introduced May 28, 2024
Last action May 28, 2024
Pipeline · Bill → Law
Step 1
Introduced
May 28, 2024
Step 2
Referred
May 28, 2024
Oversight · Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS 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 exceeding $30 per tire.  A qualified retreaded tire is a retreaded truck tire that is retreaded and purchased in the United States.    

Provisions · 3 sectionsIntroduced in House
Timeline · 3 actions
May 28, 2024
Introduced in House
May 28, 2024
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 28, 2024
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.