fbpx
SA Treads
Advertisement
  • Home
  • Advertise
  • About SA Treads
  • From the Editor
  • International
  • Southern Africa
  • SATreads Digital Issue
  • Podcast
  • Contact Us
No Result
View All Result
  • Home
  • Advertise
  • About SA Treads
  • From the Editor
  • International
  • Southern Africa
  • SATreads Digital Issue
  • Podcast
  • Contact Us
No Result
View All Result
SA Treads
No Result
View All Result
Home International

Proposed Legislation Would Give Tax Deduction for Buying Retreads

Liana Shaw by Liana Shaw
Jul 18, 2022
in International
0 0
0
Proposed Legislation Would Give Tax Deduction for Buying Retreads
0
SHARES
69
VIEWS
Share on FacebookShare on Twitter

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 tyres.

According to Bandag, the number of tyres retreaded annually has fallen from 20 million to 15 million due to an influx of cheap imported tyres 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 tyres and reduce the importation of cheap tyres that cannot be retreaded, known as “disposable tyres.”

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.

Liana Shaw

Liana Shaw

Download Latest SATreads Digital Magazine

Download Latest SATreads Digital Magazine

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 - SA Treads news & tyre portal

No Result
View All Result

© 2020 - SA Treads news & tyre portal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?