Gas Prices Relief Act of 2026

Summary

The Gas Prices Relief Act of 2026 would set the federal gasoline excise tax to zero for all gasoline sold after the law takes effect until Jan. 1, 2027. To make up for the lost tax revenue, the Treasury would move equivalent amounts from the general fund into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. The bill also directs the Treasury to ensure that the tax cut is reflected in lower pump prices for consumers.

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