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Gas Prices Relief Act of 2022
12/29/2022, 9:18 PM
Congressional Summary of S 3609
Gas Prices Relief Act of 2022
This bill provides for a temporary exemption through 2022 from the excise tax on gasoline (other than aviation gasoline) and from the Leaking Underground Storage Tank Trust Fund financing rate. The Department of the Treasury must transfer from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund amounts resulting from the exemption provided by this bill.
The bill also expresses congressional policy that consumers immediately receive the benefit of this exemption.
Read the Full Bill
Current Status of Bill S 3609
Bill S 3609 is currently in the status of Bill Introduced since February 9, 2022. Bill S 3609 was introduced during Congress 117 and was introduced to the Senate on February 9, 2022. Bill S 3609's most recent activity was Read twice and referred to the Committee on Finance. as of February 9, 2022
Bipartisan Support of Bill S 3609
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
7Democrat Cosponsors
7Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3609
Primary Policy Focus
TaxationPotential Impact Areas
- Energy prices
- Government trust funds
- Motor fuels
- Oil and gas
- Roads and highways
- Sales and excise taxes
- Transportation programs funding
Alternate Title(s) of Bill S 3609
Gas Prices Relief Act of 2022
Gas Prices Relief Act of 2022
A bill to amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday.
Comments
Sponsors and Cosponsors of S 3609
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