Brendan Boyle (D-PA)
To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.
A Democratic bill with 9 Democratic cosponsors · See all 9 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill proposes changes to the Internal Revenue Code of 1986 regarding fuel taxes and oil and gas company benefits. It seeks to partially suspend certain fuel excise taxes during months when the national average price of gasoline exceeds $3.99 per gallon. The reduction in tax would be 1 cent for every cent the average price exceeds that $3.99 threshold. Additionally, the bill would prohibit certain credits or deductions for oil and gas companies during these same periods. These changes would apply to taxable years beginning after December 31, 2025.
Yes
- Scored +5
Does this raise the taxes companies pay?
The bill prohibits several tax credits and deductions for oil and gas companies during specific months.
- Scored +3
Would households on low incomes be better off under this?
The bill may lower fuel costs for households when gasoline prices are high through the suspension of excise taxes.
- Scored +3
Would middle-income households be better off under this?
The bill provides potential relief on fuel costs during periods of high gasoline prices.
The opposite· 3 of 4
- Scored -4
Would business owners be better off under this?
The bill reduces the tax benefits available to businesses in the oil and gas industry.
- Scored -2
Does this reduce what the federal government spends?
The bill reduces federal revenue by suspending fuel excise taxes when gas prices are high.
- Scored -2
Does this reduce how much oil, gas and coal is produced?
The bill removes financial incentives like the enhanced oil recovery and marginal well credits for oil and gas production during high-price months.
Who it would affect, and how
Potential Positive Impacts for People
- Lower fuel taxes during high prices: The bill would reduce the tax imposed on the removal, entry, or sale of certain fuel when the national average gasoline price is over $3.99 per gallon (Section 1(a)(1)). This reduction is calculated as 1 cent for each cent of the excess average price.
Potential Negative Impacts for People
- Loss of specific industry credits: Oil and gas companies would no longer be able to use certain credits or deductions during months when gasoline prices are high. This includes the prohibition of certain intangible drilling costs (Section 1(b)), the enhanced oil recovery credit (Section 1(c)), and the marginal well credit (Section 1(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this raise the taxes companies pay? — The bill prohibits several tax credits and deductions for oil and gas companies during specific months. Does this reduce what the federal government spends? — The bill reduces federal revenue by suspending fuel excise taxes when gas prices are high.
- Environment Energy And Infrastructure
- Does this reduce how much oil, gas and coal is produced? — The bill removes financial incentives like the enhanced oil recovery and marginal well credits for oil and gas production during high-price months. Does this repair or build roads and bridges? — The suspension of fuel excise taxes reduces the amount of money available for the Highway Trust Fund.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The bill may lower fuel costs for households when gasoline prices are high through the suspension of excise taxes. Would middle-income households be better off under this? — The bill provides potential relief on fuel costs during periods of high gasoline prices. Would business owners be better off under this? — The bill reduces the tax benefits available to businesses in the oil and gas industry.
- 10/1/2026
- 1 Cosponsor added.
- 7/9/2026
- 1 Cosponsor added.
- 6/10/2026
- 1 Cosponsor added.
- 6/4/2026
- 1 Cosponsor added.
- 5/20/2026
- 1 Cosponsor added.
- 5/12/2026
- 4 Cosponsors added.
- 4/30/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House
André CarsonDemocrat · Indiana
Salud CarbajalDemocrat · California
Jared HuffmanDemocrat · California
William KeatingDemocrat · Massachusetts
John LarsonDemocrat · Connecticut
Greg LandsmanDemocrat · Ohio
Darren SotoDemocrat · Florida
Jill TokudaDemocrat · Hawaii
George WhitesidesDemocrat · California