Gas Tax Suspension Act

This bill would set the federal excise tax on gasoline and diesel fuel to zero for fuel removed, entered, or sold from the date the bill becomes law until 90 days later. The President could extend this tax holiday to 180 days after enactment if the President decides economic conditions call for it. During the holiday, the separate fee that funds the Leaking Underground Storage Tank Trust Fund would also not apply to this fuel. 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 tax revenue those funds would lose.

Full text and official record on Congress.gov

Sponsors

• Josh Hawley Republican sponsor
• 1 cosponsors