Bill · S. 4485· Senate(119-S-4485)
Gas Tax Suspension Act
- Introduced
- 5/11/2026
- Last activity
- 5/11/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Josh Hawley
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Gas Tax Suspension Act," aims to amend the Internal Revenue Code of 1986. It seeks to implement a tax holiday for gasoline and diesel fuel. Under this act, the tax rate for specific taxable fuels would be reduced to zero. This suspension would begin upon the act's enactment and last until a specific applicable date. The President has the discretion to extend this period from 90 days up to 180 days based on economic conditions.
Yes· 3 of 9
Would people in rural areas be better off under this?+6
Rural residents often face higher transportation costs and stand to benefit significantly from lower fuel prices.
Is this likely to lower the price at the pump?+6
The bill directly reduces the tax burden on fuel, which lowers the price of gasoline and diesel at the pump.
Would households on low incomes be better off under this?+5
Reducing gas taxes provides immediate financial relief to households with lower disposable incomes.
The opposite
Does this repair or build roads and bridges?-3
The bill reduces the revenue flowing into the Highway Trust Fund used for infrastructure projects.
Does this reduce what the federal government spends?-2
The bill reduces government revenue by suspending fuel taxes for a period of 90 to 180 days.
Does this reduce how much oil, gas and coal is produced?-2
Lowering the price of fuel through tax suspension may indirectly encourage higher consumption of fossil fuels.
Who it would affect, and how
Potential Positive Impacts for People
-
Zero Tax Rate on Fuel: The bill would set the rate of tax for specific taxable fuels to zero, which provides a tax holiday for gasoline and diesel (Section 2(a)(1)).
-
Suspension of Trust Fund Rates: The Leaking Underground Storage Tank Trust Fund financing rate would not apply to the taxable fuel covered by this act (Section 2(a)(2)).
-
Potential Extension Based on Economy: The President has the sole discretion to extend the tax suspension from 90 days to 180 days if economic conditions merit it (Section 2(c)).
Potential Negative Impacts for People
- Limited Duration of Benefits: The tax holiday is scheduled to expire 90 days after the date of enactment, unless the President decides to extend it (Section 2(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Rural Residents+6Good For Farmers+5Good For Low Income Households+5Good For Middle Class Households+5Good For Business Owners+4Good For Young Adults+4
- Economy And Finance
- Reduces Middle Class Taxes+5Improves Economic Growth+3Reduces Government Spending-2
- Environment Energy And Infrastructure
- Reduces Gas Prices+6Improves Roads And Bridges-3Reduces Fossil Fuel Production-2
- 5/14/2026
- 1 Cosponsor added.
- 5/11/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ashley MoodyRepublican · Florida