H.R. 5103, The TIRE Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on February 8, 2008, 18:38:14, by webmaster:

H.R. 5103 would amend the Internal Revenue Code of 1986 to allow a credit against income tax to vehicle fleet operators for purchasing tires made from recycled rubber.

Detailed Summary

Tire Investment, Recovery and Extension Act of 2007 [<i>sic</i>]or the TIRE Act of 2007<i> </i>[<i>sic</i>]<b> </b><i><b>- </b></i>Amends the Internal Revenue Code to allow taxpayers who regularly use more than 100 vehicles a year in a trade or business (vehicle fleet operators) a tax credit for the purchase of new or retread tires made from recycled rubber.

Status of the Legislation

Latest Major Action: 1/23/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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