Emergency Gas Price Relief Act of 2007
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Emergency Gas Price Relief Act of 2007 - Amends the Internal Revenue Code to reduce highway motor fuel excise taxes by 10 cents per gallon, beginning on the date when the retail price for gasoline is greater than $3.00 per gallon and ending when such price is less than $2.50 per gallon (reduction period). Allows a tax credit or refund of such excise tax to a taxpayer for floor stocks of highway motor fuels held by dealers prior to the reduction period.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2448: Emergency Gas Price Relief Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2448/
"H.R. 2448: Emergency Gas Price Relief Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2448/.
H.R. 2448, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2448/.
[H.R. 2448: Emergency Gas Price Relief Act of 2007](https://openamerica.io/bill/110-HR-2448/)