PUMP Act of 2021
Bill: H.R.3275 | Sponsor: Rep. Herrell, Yvette (R-NM)
Policy area: Taxation

Summary:
Pausing Unrelenting Markups on Petroleum Act of 2021 or the PUMP Act of 2021
This bill suspends the excise tax on gasoline other than aviation gasoline during a specified holiday period. The bill defines holiday period as the period beginning on the enactment date of this bill and ending on the latest of (1) the first date after enactment on which the public health emergency declared for COVID-19 is no longer in effect, or (2) 180 days after enactment.

To amend the Internal Revenue Code of 1986 to suspend the tax on 
                 gasoline other than aviation gasoline.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pausing Unrelenting Markups on 
Petroleum Act of 2021'' or as the ``PUMP Act of 2021''.

SEC. 2. GAS TAX HOLIDAY.

    (a) In General.--Section 4081(a)(2) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new subparagraph:
                    ``(E) Gas tax holiday.--
                            ``(i) In general.--In the case of gasoline 
                        other than aviation gasoline which is removed 
                        and sold during the holiday period--
                                    ``(I) subparagraph (A)(i) shall be 
                                applied by substituting `zero cents' 
                                for `18.3 cents', and
                                    ``(II) subparagraph (B) shall not 
                                apply.
                            ``(ii) Holiday period.--For purposes of 
                        this subparagraph, the term `holiday period' 
                        means the period beginning on the date of the 
                        enactment of this Act and ending on the latest 
                        of--
                                    ``(I) the first date after the date 
                                of the enactment of this Act on which 
                                the public health emergency declared 
                                for COVID-19 under section 319 of the 
                                Public Health Service Act (42 U.S.C. 
                                247d), including renewals thereof, is 
                                no longer in effect,
                                    ``(II) the first date after the 
                                date of the enactment of this Act on 
                                which the public health emergencies 
                                declared for COVID-19 by all States, 
                                including renewals thereof, are no 
                                longer in effect, and
                                    ``(III) the date which is 180 days 
                                after the date of the enactment of this 
                                Act.
                            ``(iii) Coordination with tax on 
                        alternative fuels, etc.--For purposes of this 
                        title, whether fuel is taxable under this 
                        subsection shall be determined without regard 
                        to this subparagraph.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to fuel removed and sold after the date of the enactment of this Act.
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