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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8753 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 8753
To amend the Internal Revenue Code of 1986 to provide a tax holiday for
gasoline and diesel fuel.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 12, 2026
Ms. Malliotakis (for herself and Mr. Miller of Ohio) 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 tax holiday for
gasoline and diesel fuel.
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 Tax Relief Act''.
SEC. 2. 2026 TAX HOLIDAY FOR TAXABLE FUELS.
(a) In General.--In the case of taxable fuel (as defined in section
4083(a)(1) of the Internal Revenue Code of 1986) removed, entered, or
sold on or after the date of the enactment of this Act and before the
applicable date--
(1) the rate of tax under clauses (i) and (iii) of section
4081(a)(2)(A) 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 taxable fuel 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) Applicable Date.--For purposes of this section, the term
``applicable date'' means--
(1) the date which is 90 days after the date of enactment
of this Act,
(2) if the President determines, in the President's sole
discretion, that economic conditions merit an additional
suspension of the tax on taxable fuels described in subsection
(a), the date that is 215 days after the date of enactment of
this Act, and
(3) if the President determines that a phased-in
reimplementation of the tax on taxable fuels described in
subsection (a) is appropriate, the President may provide for
such phased-in reimplementation through incremental restoration
of the rates otherwise applicable under section 4081 beginning
on the date that is 90 days after the date of enactment of this
Act.
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