Search Results for keywords:"retreaded tires"

Search Results: keywords:"retreaded tires"

S. 4685 — 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.
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July 11, 2024
Status:Introduced in Senate
Congress:118
Words:799
S. 4685 proposes changes to the Internal Revenue Code of 1986 to create a tax credit for using retreaded truck tires. The bill aims to encourage truck fleets to use retreaded tires by offering a credit that amounts to 30% of the tire's cost or up to $30 per tire. It also...
Simple Explanation
The bill wants to give a little money back to truck companies when they use old tires that have been made like new again, to help save the planet and their wallets. It also asks government helpers to buy these special tires if they can, but there are some questions about how it will all work out safely and if the money is enough to make a big difference.
H. R. 8578 — 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.
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May 28, 2024
Status:Introduced in House
Congress:118
Words:829
The bill H.R. 8578 aims to amend the Internal Revenue Code of 1986 to create a tax credit for truck fleets using retreaded tires. Specifically, it proposes a credit for a percentage of the cost of retreaded tires that are both retreaded and purchased in the United States for...
Simple Explanation
The bill wants to give truck companies money back if they use reused tires to help the planet, and it also asks the government to choose these reused tires when they can. This would last only a few years, and it must happen in the United States.

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