I 
110TH CONGRESS 
1ST SESSION H. R. 2480 
To amend the Internal Revenue Code of 1986 to suspend the Federal motor 
fuel excise taxes until the average price of unleaded gasoline is below 
$3 per gallon for at least 6 months. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 24, 2007 
Mr. HILL (for himself and Mrs. BOYDA of Kansas) introduced the following 
bill; which was referred to the Committee on Ways and Means, and in 
addition to the Committee on Energy and Commerce, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
of such provisions as fall within the jurisdiction of the committee con-
cerned 
A BILL 
To amend the Internal Revenue Code of 1986 to suspend 
the Federal motor fuel excise taxes until the average 
price of unleaded gasoline is below $3 per gallon for 
at least 6 months. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Gas Price Relief Act 
of 2007’’. 
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SEC. 2. TEMPORARY SUSPENSION OF MOTOR FUEL TAXES. 
(a) IN GENERAL.—Section 4081 of the Internal Rev-
enue Code of 1986 (relating to imposition of tax on gaso-
line, diesel fuel, and kerosene) is amended by adding at 
the end the following new subsection: 
‘‘(f) TEMPORARY SUSPENSION OF TAXES.— 
‘‘(1) IN GENERAL.—During the suspension pe-
riod, each rate of tax referred to in paragraph (2) 
shall be zero. 
‘‘(2) RATES OF TAX.—The rates of tax referred 
to in this paragraph are the rates of tax otherwise 
applicable under— 
‘‘(A) paragraphs (1), (2), and (3) of sec-
tion 4041(a) (relating to retail taxes on diesel 
fuel, special motor fuels, and compressed nat-
ural gas), 
‘‘(B) section 4041(d) (relating to addi-
tional taxes to fund Leaking Underground Stor-
age Tank Trust Fund), 
‘‘(C) section 4041(m) (relating to certain 
alcohol fuels), 
‘‘(D) clauses (i) and (iii) of subsection 
(a)(2)(A) (relating to gasoline, diesel fuel, and 
kerosene), and 
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‘‘(E) subsection (a)(2)(B) (relating to 
Leaking Underground Storage Tank Trust 
Fund tax). 
‘‘(3) EXCEPTIONS.—Paragraph (1) shall not 
apply to— 
‘‘(A) any tax imposed by section 4041 on 
fuel sold for use or used in a train or motor-
boat, and 
‘‘(B) any tax imposed by section 4081 on 
gasoline or kerosene used for aviation. 
‘‘(4) SUSPENSION
PERIOD.—For purposes of 
this subsection, the term ‘suspension period’ means 
the period beginning on the date of the enactment 
of this subsection and ending on the last day of the 
first period of 6 consecutive months beginning after 
such date that the national average price of un-
leaded regular gasoline is less than $3.00 per gallon 
(as determined under section 6 of the Gas Price Re-
lief Act of 2007). 
‘‘(5) MAINTENANCE OF TRUST FUND DEPOS-
ITS.—In determining the amounts to be appro-
priated to any trust fund, an amount equal to the 
reduction in revenues to the Treasury by reason of 
a reduction under this subsection in any rate shall 
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be treated as taxes received in the Treasury under 
such rate.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act. 
SEC. 3. REPEAL OF EXPENSING FOR CERTAIN REFINERIES. 
(a) IN GENERAL.—Section 179C of the Internal Rev-
enue Code of 1986 (relating to election to expense certain 
refineries) is hereby repealed. 
(b) TECHNICAL AMENDMENTS.— 
(1) Section 1245(a) of such Code is amended 
by striking ‘‘179C,’’ each place it appears. 
(2) Section 263(a)(1) of such Code is amended 
by adding ‘‘or’’ at the end of subparagraph (H), by 
striking ‘‘, or’’ at the end of subparagraph (I) and 
inserting a period, and by striking subparagraph 
(J). 
(3) Section 312(k)(3)(B) of such Code is 
amended by striking ‘‘179B, or 179C’’ each place it 
appears in the heading and the text and inserting ‘‘, 
or 179B’’. 
(4) The table of sections for part VI of sub-
chapter B of chapter 1 of such Code is amended by 
striking the item relating to section 179C. 
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