H.R. 8572 – Gas Prices Relief Act of 2026

AI-Generated Summary

Updated May 7, 2026 at 9:22 AM UTC

The Gas Prices Relief Act of 2026 would temporarily eliminate the federal gasoline excise tax for gasoline sold after the bill becomes law until January 1, 2027. The lost tax revenue would be made up by transferring equivalent amounts from the Treasury’s general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. The bill also directs the Treasury to ensure that the tax cut is passed on to consumers through lower pump prices.

Key Provisions

Sets the federal gasoline tax rate to zero for all gasoline sold after enactment and before Jan 1 2027.
Requires the Treasury to transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund equal to the tax revenue that would have been collected.
States that the tax reduction should be reflected in lower consumer prices and authorizes the Treasury to enforce this requirement.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 29, 2026

View full timeline

HouseIntro Referral

Introduced in House

April 29, 2026

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 29, 2026

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in HouseIssued April 29, 2026

I

119th CONGRESS

2d Session

H. R. 8572

IN THE HOUSE OF REPRESENTATIVES

April 29, 2026

Mr. Harder of California (for himself and Ms. Schrier) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To provide a gasoline tax holiday.

1.

Short title

This Act may be cited as the Gas Prices Relief Act of 2026.

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 January 1, 2027—

(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 financing rate under section 4081(a)(2) of such Code shall not apply to gasoline to which the rate under paragraph (1) applies.

(b)

Transfers to Trust Fund

(1)

In general

The Secretary of the Treasury (or the Secretary’s delegate) shall transfer from the general fund to the Highway Trust Fund established under section 9503(a) 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).

(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.

(c)

Benefits of tax reduction should be passed on to consumers

(1)

It is the policy of Congress that—

(A)

consumers immediately receive the benefit of the reduction in taxes resulting from the application of subsection (a), and

(B)

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 of the Treasury (or the Secretary’s delegate) 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.