S.2890 - A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday.

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  • Official: A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
04/16/08
 
 
 
 
 
 
 

OpenCongress Summary

This bill would establish a summer gas tax holiday, suspending the 18.4 cents per gallon Federal gas tax, and the 24.4 cent diesel tax, between Memorial Day and Labor Day 2008.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.

Official Summary

4/17/2008--Introduced.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 suspe

Official Summary

4/17/2008--Introduced.
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.

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Recent Blog Coverage

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09/29/08
Senator Obama & His Record in Congress

S.2890, "A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday." (Consequently, Obama's bills since running for the Presidency have been co-sponsored by numerous Republicans, such as Richard Lugar, ...

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09/26/08
Hard on the Issues; Soft on the People

S.2890 : A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday.S.AMDT.28 to S.1 To provide congressional transparency. S.AMDT.1190 to S.1348 To require undocumented immigrants receiving legal status ...

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09/14/08
Obama Dares Question Palin’s Experience to by VP … Isn’t the ...

Apr 17, 2008 S. 2890: A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday. Oct 16, 2007 S. 2172: Saffron Revolution Support Act of 2007 Jul 30, 2007 S. 1900: A bill to authorize appropriations for ...

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