‘‘(E) COORDINATION
WITH
CERTAIN
AD-
VANCE PAYMENTS.—In the case of any payment 
determined pursuant to subsection (f)(6), a 
valid identification number shall be treated for 
purposes of this paragraph as included on the 
taxpayer’s return of tax if such valid identifica-
tion number is available to the Secretary as de-
scribed in such subsection. 
‘‘(F) MATHEMATICAL OR CLERICAL ERROR 
AUTHORITY.—Any omission of a correct valid 
identification number required under this para-
graph shall be treated as a mathematical or 
clerical error for purposes of applying section 
6213(g)(2) to such omission. 
‘‘(3) CREDIT TREATED AS REFUNDABLE.—The 
credit allowed by subsection (a) shall be treated as 
allowed by subpart C of part IV of subchapter A of 
chapter 1. 
‘‘(e) REGULATIONS.—The Secretary shall prescribe 
such regulations or other guidance as may be necessary 
or appropriate to carry out the purposes of this section. 
‘‘(f) OUTREACH.—The Secretary shall carry out a ro-
bust and comprehensive outreach program to ensure that 
all taxpayers learn of their eligibility for the credits al-
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lowed under this section and are provided assistance in 
claiming such credits.’’. 
(b) TREATMENT OF CERTAIN POSSESSIONS.— 
(1) PAYMENTS TO POSSESSIONS WITH MIRROR 
CODE TAX SYSTEMS.—The Secretary of the Treas-
ury shall pay to each possession of the United States 
which has a mirror code tax system amounts equal 
to the loss (if any) to that possession by reason of 
the amendments made by this section. Such 
amounts shall be determined by the Secretary of the 
Treasury based on information provided by the gov-
ernment of the respective possession. 
(2) PAYMENTS TO OTHER POSSESSIONS.—The 
Secretary of the Treasury shall pay to each posses-
sion of the United States which does not have a mir-
ror code tax system amounts estimated by the Sec-
retary of the Treasury as being equal to the aggre-
gate benefits (if any) that would have been provided 
to residents of such possession by reason of the 
amendments made by this section if a mirror code 
tax system had been in effect in such possession. 
The preceding sentence shall not apply unless the re-
spective possession has a plan, which has been ap-
proved by the Secretary of the Treasury, under 
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which such possession will promptly distribute such 
payments to its residents. 
(3) 
INCLUSION
OF
ADMINISTRATIVE
EX-
PENSES.—The Secretary of the Treasury shall pay 
to each possession of the United States to which the 
Secretary makes a payment under paragraph (1) or 
(2) an amount equal to the increase (if any) of the 
administrative expenses of such possession— 
(A) in the case of a possession described in 
paragraph (1), by reason of the amendments 
made by this section, and 
(B) in the case of a possession described in 
paragraph (2), by reason of carrying out the 
plan described in such paragraph, or 
The amount described in subparagraph (A) shall be 
determined by the Secretary of the Treasury based 
on information provided by the government of the 
respective possession. 
(4) COORDINATION
WITH
CREDIT
ALLOWED 
AGAINST UNITED STATES INCOME TAXES.—No cred-
it shall be allowed against United States income 
taxes under section 6434 of the Internal Revenue 
Code of 1986 (as added by this section) to any per-
son— 
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(A) to whom a credit is allowed against 
taxes imposed by the possession by reason of 
the amendments made by this section, or 
(B) who is eligible for a payment under a 
plan described in paragraph (2). 
(5) MIRROR CODE TAX SYSTEM.—For purposes 
of this subsection, the term ‘‘mirror code tax sys-
tem’’ means, with respect to any possession of the 
United States, the income tax system of such posses-
sion if the income tax liability of the residents of 
such possession under such system is determined by 
reference to the income tax laws of the United 
States as if such possession were the United States. 
(6) TREATMENT OF PAYMENTS.—For purposes 
of section 1324 of title 31, United States Code, the 
payments under this subsection shall be treated in 
the same manner as a refund due from a credit pro-
vision referred to in subsection (b)(2) of such sec-
tion. 
(c) ADMINISTRATIVE PROVISIONS.— 
(1) 
DEFINITION
OF
DEFICIENCY.—Section 
6211(b)(4)(A) of the Internal Revenue Code of 1986 
is amended by striking ‘‘and 6433’’ and inserting 
‘‘6433, and 6434,’’. 
(2) CONFORMING AMENDMENTS.— 
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(A) Paragraph (2) of section 1324(b) of 
title 31, United States Code, is amended by in-
serting ‘‘6434,’’ after ‘‘6433,’’. 
(B) The table of sections for subchapter B 
of chapter 65 of the Internal Revenue Code of 
1986 is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 6434. Gasoline price rebates.’’. 
(d) SPECIAL RULES FOR 2022.—In the case of tax-
able years ending during calendar year 2022, the Sec-
retary shall provide any refunds due to the credit allowed 
under section 6434 of the Internal Revenue Code of 1986 
(as added by this section) not later than June 30, 2023. 
SEC. 4. PROTECT CONSUMERS FROM GAS PRICE HIKES 
FUND. 
(a) IN GENERAL.—Subchapter A of chapter 98 of the 
Internal Revenue Code of 1986 is amended by adding at 
the end the following new section: 
‘‘SEC. 9512. PROTECT CONSUMERS FROM GAS PRICE HIKES 
FUND. 
‘‘(a) ESTABLISHMENT
AND
FUNDING.—There is 
hereby established in the Treasury of the United States 
a trust fund to be referred to as the ‘Protect Consumers 
from Gas Hikes Fund’, consisting of such amounts as may 
be appropriated or credited to such trust fund as provided 
for in this section and section 9602(b). 
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‘‘(b) TRANSFERS
TO
THE PROTECT CONSUMERS 
FROM GAS PRICE HIKES FUND.—There are hereby ap-
propriated to the Protect Consumers from Gas Hikes 
Fund amounts equivalent to the taxes received in the 
Treasury under section 5896. 
‘‘(c) USE OF FUNDS.—The Secretary shall pay from 
time to time from the Protect Consumers from Gas Price 
Hikes Fund to the general fund of the Treasury amounts 
equal to the amounts of refunds provided under section 
6434.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for subchapter A of chapter 98 of such Code is amended 
by adding at the end the following new item: 
‘‘Sec. 9512. Protect Consumers from Gas Price Hikes Fund.’’. 
Æ 
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