Gas Prices Relief Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4032 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4032 To amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 9, 2026 Mr. Kelly (for himself and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Gas Prices Relief Act of 2026''. SEC. 2. 2026 GASOLINE TAX HOLIDAY. (a) In General.--In the case of gasoline removed, entered, or sold on or after the date of the enactment of this Act and before October 1, 2026-- (1) the rate of tax under section 4081(a)(2)(A)(i) of the Internal Revenue Code of 1986 shall be zero, and (2) the Leaking Underground Storage Tank Trust Fund fina…