American Families Gas Tax Relief Act

This bill would set the federal excise tax on gasoline (not including aviation gasoline), diesel fuel, and kerosene to zero for 120 days after the bill becomes law. During that time, the fee that funds the Leaking Underground Storage Tank Trust Fund would also not apply to these fuels. The President could extend this period by 90 more days if he decides economic conditions call for it. The Treasury would move money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to replace the lost tax revenue. The bill states that Congress intends the tax cut to be passed on to consumers through lower fuel prices, and it allows the Treasury to use its existing powers to make that happen.

Full text and official record on Congress.gov

Sponsors

• Anna Paulina Luna Republican sponsor
• 0 cosponsors