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HR 8578 United States House · 118th Congress

Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

This bill creates a federal tax credit for businesses purchasing retreaded truck tires in the U.S., aimed at supporting domestic tire retreading jobs and supply chains. It offers a credit equal to 30% of a tire's cost (capped at $30 per tire) for qualified retreaded tires used on trucks over 14,000 pounds GVWR, effective 2025 through 2027. Additionally, it requires federal agencies to prioritize purchasing retreaded tires from the GSA schedule when available, instead of new tires. The policy directly affects U.S. trucking fleets, tire manufacturers, and federal procurement offices. The credit expires after December 31, 2027.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates federal tax credit (30% up to $30/tire) for businesses purchasing retreaded tires, directly incentivizing tax policy to support domestic supply chains and jobs.95% confidence ✓ EnvironmentSupports EnvironmentPromotes tire retreading, reducing waste and resource use. Sustainability mentioned in bill title, aligning with environmental conservation.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill explicitly creates tax credit to support domestic tire retreading jobs, advancing labor employment in the sector.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation via tax credits for retreaded truck tires, reducing waste and supporting domestic supply chains.85% confidence
Sub-Topics: Tax Credits Procurement Freight
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 28, 2024 Last action May 28, 2024
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 28, 2024
Committee
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.
lower
May 28, 2024
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Emilia Strong Sykes
Emilia Strong Sykes
DDemocratic
OH
13
Co
Photo of Darin LaHood
Darin LaHood
RRepublican
IL
16