HR. 8600In Committee
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.
Impact Score
25
Limited
Momentum
6
Stable
Summary
Amends the tax code to temporarily suspend certain fuel excise taxes when average gasoline prices exceed $3.99 per gallon and bar certain oil and gas tax benefits during those periods
What this does
- Amend fuel excise taxes
- Prohibit oil and gas deductions
- Suspend fuel taxes temporarily
Latest action
2026-04-30 — Referred to the House Committee on Ways and Means.