To temporarily suspend the imposition of certain fuel taxes.

This bill would set the federal excise tax rate on certain taxable fuels, including gasoline and diesel, to zero. The suspension would apply to fuel removed, entered, or sold from the date the bill becomes law until December 31, 2026. It states that Congress intends for consumers to receive the tax reduction right away and for fuel producers and dealers to lower prices to reflect it. It states that producers and dealers who do not lower prices should face penalties at least equal to the tax reduction not passed on. It directs the Secretary of the Treasury to use available authority to make sure consumers receive the benefit.

Full text and official record on Congress.gov

Sponsors

• Andy Harris Republican sponsor
• 2 cosponsors