Bill > HR3768

This bill proposes a temporary gasoline tax holiday for the remainder of 2025, reducing the federal gasoline tax to zero from the date of enactment until January 1, 2026. Specifically, the bill eliminates the current federal tax rate on gasoline and suspends the Leaking Underground Storage Tank Trust Fund financing rate. To ensure that gas stations and fuel producers do not simply pocket the tax savings, the bill includes a congressional policy statement and enforcement mechanism requiring that the tax reduction be directly passed on to consumers through lower prices at the pump. The Treasury Department will transfer funds from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to compensate for the lost tax revenue, effectively making these trust funds whole during the tax holiday. The bill aims to provide immediate financial relief to consumers by reducing the per-gallon cost of gasoline during a period of potentially high fuel prices.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3768/all-info