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Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022
12/29/2022, 5:18 PM
Summary of Bill HR 8165
Bill 117 HR 8165, also known as the Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022, aims to promote the use of retreaded tires in commercial vehicle fleets. The bill recognizes the environmental and economic benefits of retreaded tires, which can be reused multiple times, reducing the need for new tire production and ultimately decreasing waste.
The legislation includes provisions for a grant program to assist commercial vehicle fleet operators in transitioning to retreaded tires. These grants would help cover the costs associated with purchasing and installing retreaded tires, as well as any necessary equipment or training. The bill also calls for the establishment of a national database to track the use of retreaded tires in commercial fleets, allowing for monitoring of the program's effectiveness.
Additionally, the bill includes measures to incentivize the recycling and reuse of old tires, further reducing waste and promoting sustainability in the transportation industry. By encouraging the use of retreaded tires, the legislation aims to reduce the environmental impact of tire production and disposal, while also saving commercial vehicle operators money in the long run. Overall, Bill 117 HR 8165 seeks to support the transition to retreaded tires in commercial vehicle fleets, promoting sustainability, cost savings, and environmental stewardship in the transportation industry.
The legislation includes provisions for a grant program to assist commercial vehicle fleet operators in transitioning to retreaded tires. These grants would help cover the costs associated with purchasing and installing retreaded tires, as well as any necessary equipment or training. The bill also calls for the establishment of a national database to track the use of retreaded tires in commercial fleets, allowing for monitoring of the program's effectiveness.
Additionally, the bill includes measures to incentivize the recycling and reuse of old tires, further reducing waste and promoting sustainability in the transportation industry. By encouraging the use of retreaded tires, the legislation aims to reduce the environmental impact of tire production and disposal, while also saving commercial vehicle operators money in the long run. Overall, Bill 117 HR 8165 seeks to support the transition to retreaded tires in commercial vehicle fleets, promoting sustainability, cost savings, and environmental stewardship in the transportation industry.
Congressional Summary of HR 8165
Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022
This bill allows a new tax deduction through 2026 for 50% of the cost of purchasing a qualified retreaded tire (i.e., a retreaded truck tire manufactured in the United States by a manufacturer that is not owned or under the control of a state-owned enterprise and purchased by the taxpayer in the United States).
Read the Full Bill
Current Status of Bill HR 8165
Bill HR 8165 is currently in the status of Bill Introduced since June 21, 2022. Bill HR 8165 was introduced during Congress 117 and was introduced to the House on June 21, 2022. Bill HR 8165's most recent activity was Referred to the House Committee on Ways and Means. as of June 21, 2022
Bipartisan Support of Bill HR 8165
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 8165
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 8165
Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022
Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022
To amend the Internal Revenue Code of 1986 to establish a deduction for certain retreaded tires, and for other purposes.
Comments
Sponsors and Cosponsors of HR 8165
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