A bill 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.

Bill 118 s 4685, also known as the Truck Fleet Retreaded Tire Tax Credit Act, aims to make amendments to the Internal Revenue Code of 1986. The main purpose of this bill is to establish a tax credit for truck fleet owners who choose to use retreaded tires on their vehicles.

In addition to the tax credit, the bill also requires Federal agencies to consider the use of retreaded tires when making purchasing decisions for their fleets. This is intended to promote the use of retreaded tires as a more cost-effective and environmentally friendly option for truck fleets.

Overall, the bill seeks to incentivize the use of retreaded tires in the trucking industry and reduce the environmental impact of tire disposal. It also aims to provide financial relief to truck fleet owners who choose to invest in retreaded tires.