This bill encourages the use of retreaded tires by offering tax credits to businesses and requiring federal agencies to choose retreaded tires when available. It aims to support domestic manufacturing and reduce waste.
If you own a business that uses tires, you could save money by purchasing retreaded tires.
Who this affects
Businesses buying tires · Federal agencies managing fleets
What changes is this bill making?
1This bill creates a tax credit for businesses that purchase retreaded tires.
2Businesses can receive a credit of up to 30% of their spending on qualified retreaded tires.
3Retreaded tires must be made and purchased in the United States to qualify for the credit.
4Federal agencies are required to use retreaded tires when available instead of new tires.
5The tax credit will end for tires purchased after December 31, 2028.
