U.S. Congress legislation · 119th Congress
SB5530: Consumer Fuel Costs Relief Act
Status: In committee, September 24, 2026
A bill to amend the Internal Revenue Code of 1986 to provide a tax holiday for motor and aviation fuels.
What the bill says
To amend the Internal Revenue Code of 1986 to provide a tax holiday for motor and aviation fuels.
From the introduced text, September 24, 2026:
A BILL To amend the Internal Revenue Code of 1986 to provide a tax holiday for motor and aviation fuels. SECTION 1. Short title This Act may be cited as the Consumer Fuel Costs Relief Act . SECTION 2. Tax holiday for motor and aviation fuels (a) In general In the case of any taxable fuel removed, entered, or sold on or after the date of the enactment of this Act and before October 1, 2027-- (1) the rate of tax under section 4081(a)(2)(A) of the Internal Revenue Code of 1986 shall be zero, and (2) the Leaking Underground Storage Tank Trust Fund financing rate under section 4081(a)(2)(B) of such Code shall not apply to taxable fuel to which the rate under paragraph (1) applies. (b) Transfers to Trust Fund (1) In general The Secretary of the Treasury shall transfer from the general fund to the Airport and Airway Trust Fund established under section 9502(a) of the Internal Revenue Code of 1986, the Highway Trust Fund established under section 9503(a) of such Code, and the Leaking Underground Storage Tank Trust Fund established under section 9508(a) of such Code amounts equal to the reduction in amounts credited (but for this subsection) to each such Trust Fund by reason of subsection (a). (2) Coordination rules (A) Leaking Underground Storage Tank Trust Fund …
Sponsors
- Kelly, Mark (D) · primary sponsor
Latest actions
- : Read twice and referred to the Committee on Finance.
- : Introduced in Senate
Subjects: Taxation
Common questions
- What is SB5530?
- SB5530 is a bill in Congress (119th Congress): Consumer Fuel Costs Relief Act.
- What does SB5530 do?
- In its own words: To amend the Internal Revenue Code of 1986 to provide a tax holiday for motor and aviation fuels.
- What is the status of SB5530?
- In committee as of September 24, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 24, 2026).
- Who sponsored SB5530?
- Kelly, Mark (D).
- Where is the official record for SB5530?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5530
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.