H.R. 3768
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday.
IN THE HOUSE OF REPRESENTATIVES · June 5, 2025 · Sponsor: Mr. Harder of California · Committee: Committee on Ways and Means
Table of contents
SEC. 1. Short title
- This Act may be cited as the Gas Prices Relief Act of 2025.
SEC. 2. 2025 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 January 1, 2026—
- the rate of tax under of the Internal Revenue Code of 1986 shall be zero; and section 4081(a)(2)(A)(i)
- the Leaking Underground Storage Tank Trust Fund financing rate under section 4081(a)(2) of such Code shall not apply to gasoline to which the rate under paragraph (1) applies.
- In the case of gasoline removed, entered, or sold on or after the date of the enactment of this Act and before January 1, 2026—
- (b) Transfers to Trust Fund
- (1) In general
- The Secretary of the Treasury shall transfer from the general fund to the Highway Trust Fund established under of the Internal Revenue Code of 1986 and the Leaking Underground Storage Tank Trust Fund established under section 9508(a) of such Code amounts equal to the reduction in amounts credited (but for this subsection) to each such Trust Fund by reason of subsection (a). section 9503(a)
- (2) Coordination rules
- (A) Leaking Underground Storage Tank Trust Fund
- Amounts transferred to the Leaking Underground Storage Tank Trust Fund under paragraph (1) shall be treated for purposes of sections 9503(b)(1) and 9508(b)(2) of such Code as taxes received in the Treasury under section 4081 of such Code attributable to the Leaking Underground Storage Tank Trust Fund financing rate.
- (B) Highway Trust Fund
- Amounts transferred to the Highway Trust Fund under paragraph (1) shall be treated for purposes of section 9503(b)(1) of such Code as taxes received in the Treasury under section 4081 of such Code which are not attributable to the Leaking Underground Storage Tank Trust Fund financing rate.
- (A) Leaking Underground Storage Tank Trust Fund
- (1) In general
- (c) Benefits of tax reduction should be passed on to consumers
- It is the policy of Congress that—
- consumers immediately receive the benefit of the reduction in taxes resulting from the application of subsection (a); and
- transportation motor fuels producers and other dealers take such actions as necessary to reduce transportation motor fuels prices to reflect such reduction.
- (2) Enforcement
- The Secretary may use all applicable authorities to ensure that the benefit of the reduction in taxes resulting from the application of subsection (a) is received by consumers.
- It is the policy of Congress that—