S 2890
110th Congress
Senate
Taxation
Commerce
Diesel motor
Economics and Public Finance
Energy
Energy prices
Excise tax
Gasoline
Government trust funds
Highway finance
Petroleum industry
Tax rates
Transportation and Public Works
A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday.
Introduced: April 17, 2008
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2008
Read twice and referred to the Committee on Finance.
Apr 17, 2008
Sponsor introductory remarks on measure. (CR S3161-3162)
Apr 17, 2008
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to suspend excise taxes on gasoline and diesel fuels between May 26, 2008, and September 1, 2008. Provides for reimbursement from the Treasury to the Highway Trust Fund for any reduction in Trust Fund receipts resulting from such suspension.
Expresses the policy of Congress that: (1) consumers immediately receive the benefit of the reduction in taxes resulting from this Act; and (2) transportation motor fuels producers and other dealers take necessary actions to reduce fuel prices to reflect such reduction in taxes.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1