Connect with us

Legislative

Legislation Proposed for Retread Tax Deductions

The goal of this legislation would be to increase the demand for retreaded tires and reduce the importation of cheap tires that cannot be retreaded, known as “disposable tires.”

Advertisement

Congressman Tim Ryan (OH-13) recently introduced the Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022, legislation that would provide a tax deduction to consumers who purchase retreaded tires.

Advertisement

According to Bandag, the number of tires retreaded annually has fallen from 20 million to 15 million due to an influx of cheap imported tires from countries like China that cannot be retreaded due to their inferior construction. The goal of this legislation would be to increase the demand for retreaded tires and reduce the importation of cheap tires that cannot be retreaded, known as “disposable tires.”

Ryan’s office says the Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022 is supported by a range of auto industry leaders and manufacturers, including Bridgestone, Goodyear, the USTMA, Penske Truck Leasing, BD Transportation and Freight Service Inc./Truck One Inc.

Advertisement

POPULAR POSTS

Sponsored Content

Why OE Spark Plugs May Not Always Be the Best Option

Connect
aftermarketNews