Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022

United States117th CongressHR-7926House of Representatives
Updated: May 31, 2022

Summary

Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022 This bill suspends the excise tax on gasoline (other than aviation gasoline) until December 31, 2023. It also imposes a 50% tax on the excess profits of certain large oil companies in the first taxable year after 2021.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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