Fuel Excise Tax Temporary Suspension (High Gasoline Prices)
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2026-04-30 — To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.: HR8600 (119th Congress) introduced and referred to House Ways and Means; would temporarily suspend certain fuel excise taxes whenever the national average gasoline price exceeds $3.99/gal, shifting cost burden away from fuel consumers during price spikes. (novelty: 2)
Open questions
Related
Contributing findings
To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.
30-apr-2026
novelty 2
per-area 2
introduces