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United States · Bill · S

S. 2890 (110th)

A bill to amend the Internal Revenue Code of 1986 to provide for a highway fuel tax holiday.

referredUnited States· United States Congress· EN

Introduced

17 April 2008

Last action

17 April 2008 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. McCain, John [R-AZ], Rep. Kyl, Jon [R-AZ-4], Sen. Burr, Richard [R-NC], Sen. Graham, Lindsey [R-SC], Sen. Martinez, Mel [R-FL], Sen. Warner, John [R-VA], Sen. Chambliss, Saxby [R-GA], Sen. Lieberman, Joseph I. [D-CT], Sen. Sununu, John E. [R-NH], Roger Wicker

Subjects

Taxation

Source updated

7 April 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to suspend excise taxes on gasoline and diesel fuels between May 26, 2008, and September 1, 2008. Provides for reimbursement from the Treasury to the Highway Trust Fund for any reduction in Trust Fund receipts resulting from such suspension. Expresses the policy of Congress that: (1) consumers immediately receive the benefit of the reduction in taxes resulting from this Act; and (2) transportation motor fuels producers and other dealers take necessary actions to reduce fuel prices to reflect such reduction in taxes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 April 2008

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 17 April 2008

    Introduced

    Sponsor introductory remarks on measure. (CR S3161-3162)

    Source: IntroReferral

  3. 17 April 2008

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Sponsors

Related records

Sources

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