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Legislation introduced to lower tire costs

June 5, 2024

On Monday, U.S. Reps. Darin LaHood (R-IL) and Emilia Sykes (D-OH) introduced legislation to lower tire costs by providing a tax credit for purchasing retreaded tires.

The legislation, Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act, would provide U.S. consumer with tax credits for purchasing tires that have had the tread on them replaced. The legislation will help create good-paying jobs, bolster the domestic supply chain and promote economic growth, the law makers said.

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