Gas Tax Relief Act

This bill would set the federal excise tax on gasoline and diesel fuel to zero for 90 days after the bill becomes law. During that time, the separate fee that funds the Leaking Underground Storage Tank Trust Fund would also not apply to these fuels. The Treasury would move money from the general fund into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to replace the lost tax revenue. The President could extend the tax holiday to 215 days if economic conditions merit it, or could bring the tax back gradually starting on day 90.

Full text and official record on Congress.gov

Sponsors

• Nicole Malliotakis Republican sponsor
• 2 cosponsors