Gas Prices Relief Act of 2026

Chris Pappas

Democrat · NH · Representative

Source: Congress.gov · FEC

• Eugene Simon Vindman (D-VA-7)· 2026-05-12
• Josh Riley (D-NY-19)· 2026-05-12
• Greg Landsman (D-OH-1)· 2026-05-13

Referred to the House Committee on Ways and Means.

2026-03-12

Source: Congress.gov

This bill would temporarily eliminate the federal tax on gasoline, which currently adds about 18 cents per gallon at the pump, to provide relief to drivers and consumers who pay for goods transported by truck. The tax holiday would reduce the price of gas for everyone who fills up a car or truck, though it would also mean less money flowing to the federal government for road maintenance and infrastructure projects. The exact length of the tax break is not specified in the available information, but such holidays typically last for a limited period like a few months.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7919 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7919 To amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 12, 2026 Mr. Pappas 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 provide a gasoline tax holiday. 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 ``Gas Prices Relief Act of 2026''. SEC. 2. 2026 GASOLINE TAX HOLIDAY. (a) In General.--In the case of gasoline removed, entered, or sold on or after the date of the enactment of this Act and before October 1, 2026-- (1) the rate of tax under section 4081(a)(2)(A)(i) of the Internal Revenue Code of 1986 shall be zero, and (2) the Leaking Underground Storage Tank Trust Fund financing rate under section 4081(a)(2)(B) of such Code shall not apply to gasoline to which the rate under paragraph (1) applies. (b) Transfers to Trust Fund.-- (1) In general.--The Secretary of the Treasury shall transfer from the general fund to the Highway Trust Fund established under section 9503(a) of the Internal Revenue Code of 1986 and the Leaking Underground Storage Tank Trust Fund established under section 9508(a) of such Code amounts equal to the reduction in amounts credited (but for this subsection) to each such Trust Fund by reason of subsection (a). (2) Coordination rules.-- (A) Leaking underground storage tank trust fund.-- Amounts transferred to the Leaking Underground Storage Tank Trust Fund under paragraph (1) shall be treated for purposes of sections 9503(b)(1) and 9508(b)(2) of such Code as taxes received in the Treasury under section 4081 of such Code attributable to the Leaking Underground Storage Tank Trust Fund financing rate. (B) Highway trust fund.--Amounts transferred to the Highway Trust Fund under paragraph (1) shall be treated for purposes of section 9503(b)(1) of such Code as taxes received in the Treasury under section 4081 of such Code which are not attributable to the Leaking Underground Storage Tank Trust Fund financing rate. (c) Benefits of Tax Reduction Should Be Passed on to Consumers.-- (1) It is the policy of Congress that-- (A) consumers immediately receive the benefit of the reduction in taxes resulting from the application of subsection (a), (B) transportation motor fuels producers and other dealers take such actions as necessary to reduce transportation motor fuels prices to reflect such reduction, and (C) transportation motor fuels producers and other dealers that fail to reduce transportation motor fuels prices to reflect such reduction shall be subject to monetary penalties which are not less than the amount of the reduction in taxes which should have been passed on to consumers. (2) Enforcement.--The Secretary of the Treasury shall use all applicable authorities to ensure that the benefit of the reduction in taxes resulting from the application of subsection (a) is received by consumers. <all>

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