Gas Tax Suspension Act
A bill to amend the Internal Revenue Code of 1986 to provide a tax holiday for gasoline and diesel fuel.
This bill, SB4485, aims to temporarily suspend the federal gas tax on gasoline and diesel fuel. This would reduce the cost of these fuels for consumers and businesses at the pump. The bill was introduced on May 11, 2026, and was referred to the Senate Committee on Finance for further review and potential amendments.
If passed, this tax suspension would benefit all individuals and businesses that rely on gasoline and diesel, potentially lowering their fuel expenses. It could also encourage more driving and shipping, affecting those concerned about environmental impacts. The bill is currently in its early stages, having been introduced and referred to a committee.
As of the last update on May 11, 2026, the bill has been read twice in the Senate and referred to the Committee on Finance. Future actions will depend on the committee's review and recommendations, including any potential hearings or votes in the Senate.
