USTMA: Tax credits for retreaded tyres would “level the global playing field”

The U.S. Tire Manufacturers Association (USTMA) and its member companies have voiced their support for a legislative proposal to incentivise retreading. The Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022 (H.R. 8165), introduced to the United States Congress this week, would provide tax credits for fleet purchases of US retreaded commercial vehicle tyres.