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Diesel Prices Relief Act of 2026
To provide a diesel fuel tax holiday.
Summary
The bill provides a diesel fuel tax holiday from the date of enactment through December 31, 2026, reducing the federal excise tax rate on diesel fuel to zero. The bill also suspends the Leaking Underground Storage Tank Trust Fund financing rate on diesel fuel during this period. To maintain trust fund revenues, the bill requires the Treasury to transfer from the general fund amounts equal to the lost tax revenue to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. The bill establishes as congressional policy that the tax savings should be passed on to consumers and authorizes the Treasury Secretary to enforce this requirement.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- May 12, 2026 Referred to the House Committee on Ways and Means. · house
- May 12, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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
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. <all>
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