A bill to amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday.

# Gasoline Tax Holiday Bill Summary **What the Bill Would Do** This bill would temporarily suspend the federal excise tax on gasoline, which is currently 18.4 cents per gallon. If passed, it would create a "tax holiday" that would lower gas prices at the pump for consumers by reducing the federal tax portion of the total price. The bill aims to provide short-term relief from higher fuel costs. **Who It Affects and Key Details** This legislation would directly benefit anyone who buys gasoline, potentially lowering their fuel expenses during the holiday period. It could also affect state budgets, since the federal gasoline tax typically funds road and infrastructure maintenance programs.

The bill would need to address how those programs would be funded during the tax holiday period, though specific provisions aren't detailed in the basic summary available. **Current Status** The bill (S 4032) was introduced in the 119th Congress by Senator Mark Kelly (D-AZ) but remains in committee as of now. This means it has not yet been debated or voted on by the full Senate. Many similar tax holiday proposals have been introduced over the years but face challenges related to infrastructure funding concerns and debates about their effectiveness at lowering prices.