Federal gas tax suspended through end of 2026

What does this do?

This bill would set the federal gasoline tax to zero from the day it becomes law through the end of 2026. During that window, fuel sellers would not owe the federal excise tax on gasoline they sell. The bill also states that Congress expects those savings to be passed on to customers at the pump, and gives the Treasury Department authority to enforce that.

Who does it affect?

This bill affects fuel producers, fuel sellers, and consumers who buy gasoline. The Treasury Department would be responsible for overseeing the tax change and enforcing the expectation that savings reach customers.

Why does it matter?

Because the tax would no longer be collected, less money would flow into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund, which pay for roads and environmental cleanup. To keep those programs funded, the bill requires the Treasury to move money from the government's general fund to replace what would have been collected.

What does it cost, and who pays?

• Treasury transfers funds to Highway Trust Fund
• Replaces uncollected tax revenue