H.R. 8772

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8772 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 8772

To provide a diesel fuel tax holiday.

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IN THE HOUSE OF REPRESENTATIVES

May 12, 2026

Mr. Vindman (for himself and Mr. Davis of North Carolina) introduced 
the following bill; which was referred to the Committee on Ways and 
Means

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A BILL

To provide a diesel fuel tax holiday.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Diesel Prices Relief Act of 2026''.

SEC. 2. 2026 DIESEL FUEL TAX HOLIDAY.

(a) In General.--In the case of diesel fuel 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)(iii) of the 
Internal Revenue Code of 1986 shall be zero with respect to 
diesel fuel (other than kerosene), and
(2) the Leaking Underground Storage Tank Trust Fund 
financing rate under section 4081(a)(2)(B) of such Code shall 
not apply to diesel fuel 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.
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