# 119-hr-8600: To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.

119-hr-8600, To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods., is a 119th Congress bill sponsored by Rep. Boyle, Brendan F. [D-PA-2] (D-PA); status introduced; PRIA reads it as touching household money (as of 2026-10-03).

- Canonical: https://policyrisk.com/legislation/119-hr-8600
- As of: 2026-10-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8600
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.
- Status: introduced
- Introduced: 2026-04-30
- Sponsor: Rep. Boyle, Brendan F. [D-PA-2] (D-PA)
- Cosponsors: 9
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-03

## Summary

**Temporarily reduces the federal fuel excise tax when the national average price of gasoline tops $3.99 per gallon.** It ties the tax cut to a simple formula that lowers the tax by 1 cent for each cent the price is above $3.99, with the reduction not falling below zero. - Drivers and households: When the national average gasoline price exceeds $3.99 per gallon the federal fuel excise tax is reduced by 1 cent per cent above $3.99 for fuel removed, entered, or sold during those months. - Highway and cleanup programs: The Treasury must transfer from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund amounts equal to the tax reduction to replace the lost receipts. - Oil and gas companies: The bill bars certain tax benefits during those high-price months. It disallows treatment of intangible drilling costs under section 263(c), prohibits the Enhanced Oil Recovery Credit for costs in those months, and excludes production during those months from the Marginal Well Credit. These tax changes apply to taxable years beginning after December 31, 2025.

## Cosponsors (9)

- Rep. Soto, Darren [D-FL-9] (D-FL), 2026-10-01T00:00:00.000Z
- Rep. Keating, William R. [D-MA-9] (D-MA), 2026-05-12T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-05-12T00:00:00.000Z
- Rep. Carbajal, Salud O. [D-CA-24] (D-CA), 2026-05-12T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2026-05-12T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2026-05-20T00:00:00.000Z
- Rep. Larson, John B. [D-CT-1] (D-CT), 2026-06-04T00:00:00.000Z
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI), 2026-06-10T00:00:00.000Z
- Rep. Whitesides, George [D-CA-27] (D-CA), 2026-07-09T00:00:00.000Z

## Provisions PRIA read

- Temporary federal gas tax cut: benefit, high. If enacted, the bill would cut the federal excise tax on gasoline in any month the national average price is above $3.99 per gallon. The cut would equal 1 cent for each cent the price is above $3.99, and it could not reduce the tax below zero. The Treasury would transfer money from the general fund…
- Limits oil and gas tax breaks: cost, high. If enacted, the bill would stop several tax preferences for oil and gas producers during any month the national average gasoline price is over $3.99 per gallon. It would disallow the enhanced oil recovery credit for costs paid or incurred in those months. It would prevent the special intangible dri…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-5390: FAMILY Act

## Sources
- [119-hr-8600 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8600)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8600 (as of 2026-10-03).