H.R. 1888 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 2009 or the TIRE Act of 2009<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: 4/2/2009: 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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