HR 8600
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.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:34 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill proposes a temporary suspension of certain fuel excise taxes when the national average price of gasoline exceeds $3.99 per gallon. It also prohibits oil and gas companies from receiving specific tax credits and deductions during these high-price periods. The bill directs funds from the suspension to be transferred to highway and underground storage tank trust funds. Furthermore, it limits the application of certain oil and gas industry tax credits during the periods when the gas price is high.
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