GAS Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10889 Introduced in House (IH)]

<DOC>

119th CONGRESS
  2d Session
                               H. R. 10889

  To amend the Internal Revenue Code of 1986 to establish the retail 
                           motor fuel credit.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            October 22, 2026

   Mr. Mast introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL

 
  To amend the Internal Revenue Code of 1986 to establish the retail 
                           motor fuel credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Giving Americans Savings Act of 
2026'' or the ``GAS Act of 2026''.

SEC. 2. RETAIL MOTOR FUEL CREDIT.

    (a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 36B the following new section:

``SEC. 36C. RETAIL MOTOR FUEL CREDIT.

    ``(a) Allowance of Credit.--In the case of an individual, there 
shall be allowed as a credit against the tax imposed by this subtitle 
an amount equal to the qualified motor vehicle fuel expenses of the 
individual for the taxable year.
    ``(b) Qualified Motor Vehicle Fuel Expenses.--For purposes of this 
section, the term `qualified motor vehicle fuel expenses' means the 
amount paid or incurred by the taxpayer to purchase gasoline or diesel 
fuel for personal use in a motor vehicle or to recharge an electric 
motor vehicle for personal use.
    ``(c) Denial of Double Benefit.--No credit or deduction shall be 
allowed under any other provision of the Internal Revenue Code of 1986 
with respect to any expense taken into account under subsection (a) for 
the taxable year.
    ``(d) Regulations.--The Secretary shall issue such regulations or 
other guidance as may be necessary or appropriate to carry out the 
purposes of this section.''.
    (b) Conforming Amendments.--
            (1) Section 6211(b)(4)(A) of the Internal Revenue Code of 
        1986 is amended by inserting ``, 36C'' after ``36B''.
            (2) Section 1324(b)(2) of title 31, United States Code, is 
        amended by inserting ``, 36C'' after ``, 36B''.
            (3) The table of sections for subpart C of part IV of 
        subchapter A of chapter 1 of the Internal Revenue Code of 1986 
        is amended by inserting after the item relating to section 36B 
        the following new item:

``Sec. 36C. Retail motor fuel credit.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after December 31, 2026.
                                 <all>