Gas Tax Relief Act

Sponsor: Nicole Malliotakis (Republican-NY)May 12, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Ways and Means.

Drivers would pay less at the pump as federal gas and diesel taxes are paused.

This bill would temporarily stop federal taxes on gasoline and diesel fuel. This means drivers could see lower prices at the pump for at least 90 days. The President could choose to extend this tax break or bring the taxes back slowly.

What Would Change

Today, federal excise taxes are collected on gasoline and diesel fuel, which help fund the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. After this bill, the federal excise tax rate for gasoline and diesel fuel would temporarily be set to zero, and the Leaking Underground Storage Tank Trust Fund financing rate would also be suspended. However, money would be transferred from the government's general budget to these trust funds to ensure they do not lose funding.

Key Provisions

Federal taxes on gasoline and diesel fuel would be set to zero for a temporary period.
The special tax that funds the Leaking Underground Storage Tank Trust Fund would also be paused.
The tax holiday would last for at least 90 days after the bill becomes law.
The President could extend the tax holiday for up to 215 days if economic conditions require it.
The President could also choose to bring the taxes back slowly, starting 90 days after the bill becomes law.
The Secretary of the Treasury would transfer money from the government's general budget to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund.

View on Congress.gov

HR 8753 · 119th Congress · May 12, 2026 · AI Summary by gemini-2.5-flash · 9/10

Gas Tax Relief Act

What Would Change

Key Provisions

Lobbying Activity