American Families Gas Tax Relief Act

Summary

The American Families Gas Tax Relief Act sets the federal excise tax on gasoline, diesel fuel, and kerosene to zero for a 120‑day period after enactment, with a possible 90‑day extension by the President. The Treasury will transfer the lost tax revenue to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund, and the law directs that the tax savings be passed on to consumers through lower pump prices. The measure aims to give families immediate relief from high fuel costs.

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