II 

117TH CONGRESS 

2D SESSION S. 3609 

To amend the Internal Revenue Code of 1986 to provide a gasoline tax 

holiday. 

IN THE SENATE OF THE UNITED STATES 

FEBRUARY 9, 2022 

Mr. KELLY (for himself, Ms. HASSAN, Ms. STABENOW, Ms. CORTEZ MASTO, 

Mr. WARNOCK, and Ms. ROSEN) introduced the following bill; which was 

read twice and referred to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

a gasoline tax holiday. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Gas Prices Relief Act 

5 of 2022’’. 

6 SEC. 2. 2022 GASOLINE TAX HOLIDAY. 

7 (a) IN GENERAL.—In the case of gasoline removed, 

8 entered, or sold on or after the date of the enactment of 

9 this Act and before January 1, 2023— 


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•S 3609 IS

1 (1) the rate of tax under section 

2 4081(a)(2)(A)(i) of the Internal Revenue Code of 

3 1986 shall be zero, and 

4 (2) the Leaking Underground Storage Tank 

5 Trust Fund financing rate under section 4081(a)(2) 

6 of such Code shall not apply to gasoline to which the 

7 rate under paragraph (1) applies. 

8 (b) TRANSFERS TO TRUST FUND.— 

9 (1) IN GENERAL.—The Secretary of the Treas10 ury shall transfer from the general fund to the 

11 Highway Trust Fund established under section 

12 9503(a) of the Internal Revenue Code of 1986 and 

13 the Leaking Underground Storage Tank Trust Fund 

14 established under section 9508(a) of such Code 

15 amounts equal to the reduction in amounts credited 

16 (but for this subsection) to each such Trust Fund by 

17 reason of subsection (a). 

18 (2) COORDINATION RULES.— 

19 (A) LEAKING UNDERGROUND STORAGE

20 TANK TRUST FUND.—Amounts transferred to 

21 the Leaking Underground Storage Tank Trust 

22 Fund under paragraph (1) shall be treated for 

23 purposes of sections 9503(b)(1) and 9508(b)(2) 

24 of such Code as taxes received in the Treasury 

25 under section 4081 of such Code attributable to 


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•S 3609 IS

1 the Leaking Underground Storage Tank Trust 

2 Fund financing rate. 

3 (B) HIGHWAY TRUST FUND.—Amounts 

4 transferred to the Highway Trust Fund under 

5 paragraph (1) shall be treated for purposes of 

6 section 9503(b)(1) of such Code as taxes re7 ceived in the Treasury under section 4081 of 

8 such Code which are not attributable to the 

9 Leaking Underground Storage Tank Trust 

10 Fund financing rate. 

11 (c) BENEFITS OF TAX REDUCTION SHOULD BE

12 PASSED ON TO CONSUMERS.— 

13 (1) It is the policy of Congress that— 

14 (A) consumers immediately receive the 

15 benefit of the reduction in taxes resulting from 

16 the application of subsection (a), and 

17 (B) transportation motor fuels producers 

18 and other dealers take such actions as nec19 essary to reduce transportation motor fuels 

20 prices to reflect such reduction. 

21 (2) ENFORCEMENT.—The Secretary may use 

22 all applicable authorities to ensure that the benefit 

23 of the reduction in taxes resulting from the applica24 tion of subsection (a) is received by consumers. 

Æ 


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