Full bill text rendering is coming soon.
In the meantime, read the full text on Congress.gov ↗.
Core Policy Mechanism Top 5
Repeal of federal excise tax on diesel fuel
Eliminates the federal excise tax on diesel fuel at both the retail sale level and the upstream pipeline or rack level, reducing the federal tax cost embedded in diesel prices for buyers and sellers.
- Population Scope High Diesel fuel is used pervasively in freight, agriculture, construction, and consumer goods supply chains, making the tax repeal's price effects felt across a very large share of the U.S. population.
- Budgetary Magnitude High The federal diesel excise tax generates billions of dollars annually; repealing it eliminates a major recurring federal revenue stream with no cap or sunset.
- Legal / Regulatory Depth High Repeals two substantive statutory tax obligations — IRC Sections 4041(a)(1) and 4081(a)(2)(A)(iii) — extinguishing binding legal duties on diesel fuel transactions nationwide.
- Degree of Discretion Granted Low The repeal is self-executing with no agency discretion; the tax simply ceases to apply after enactment.
- Implementation & Enforcement Burden Low Eliminating the tax removes an existing compliance obligation rather than creating any new enforcement infrastructure or requirement.
- Temporal Commitment High Persists indefinitely until Congress acts to repeal or reinstate the diesel excise tax.
No signal yet
Funding / Appropriations Top 5
General fund transfers to Highway and LUST Trust Funds
Requires the Treasury to transfer money from the general federal budget to the Highway Trust Fund and the Leaking Underground Storage Tank (LUST) Trust Fund to replace revenue lost from the diesel tax repeal, keeping both funds whole.
- Population Scope High Highway Trust Fund programs reach all states and localities through federal highway and transit funding, touching a substantial share of the U.S. population as infrastructure beneficiaries.
- Budgetary Magnitude High The transfers must equal the full revenue foregone from the diesel excise repeal — a recurring, open-ended obligation worth billions annually drawn from general fund appropriations.
- Legal / Regulatory Depth Medium Creates a new mandatory transfer mechanism and accounting rule for how transferred amounts are treated, which binds the Secretary of the Treasury's conduct rather than altering substantive rights across the regulated public.
- Degree of Discretion Granted Low Mandatory 'shall transfer' language leaves the Secretary of the Treasury no discretion over whether or how much to transfer.
- Implementation & Enforcement Burden Low The obligation is an intra-governmental accounting transfer with no new compliance, penalty, or enforcement mechanism directed at private parties.
- Temporal Commitment High Persists indefinitely, tied to the ongoing diesel tax repeal, until Congress acts to alter either provision.
No signal yet
Core Policy Mechanism Top 5
Permanent bonus depreciation for new refinery construction
Makes permanent the 100 percent bonus depreciation deduction for property used to build new gasoline and diesel refineries, removing the existing expiration date so refinery builders can immediately deduct the full cost of qualifying property.
- Population Scope Low Benefits only businesses constructing new domestic gasoline and diesel refineries — a narrow set of capital-intensive actors with no direct effect on the general public.
- Budgetary Magnitude Medium Permanent 100 percent first-year deduction accelerates tax losses for qualifying refinery investments, reducing federal revenue meaningfully but only for a limited class of large-scale construction projects.
- Legal / Regulatory Depth High Amends IRC Section 168(n) to permanently remove a statutory expiration and phase-down, creating an indefinite substantive depreciation entitlement where Congress had previously imposed a binding limit.
- Degree of Discretion Granted Low The allowance is automatic for qualifying property with no agency discretion over its application or amount.
- Implementation & Enforcement Burden Low Administered through existing the IRS depreciation rules with no new compliance requirements or enforcement mechanisms for private parties.
- Temporal Commitment High Persists indefinitely for all qualifying refinery construction begun after enactment, as the provision removes the prior expiration date entirely.
No signal yet
Funding / Appropriations Top 5
35% investment tax credit for new U.S. oil refinery construction
Creates a new 35 percent federal tax credit for building new oil refineries in the United States that process liquid fuel from crude oil or related sources, with deadlines for starting construction and opening the facility.
- Population Scope Low The credit applies only to businesses and investors undertaking new domestic oil refinery construction — a narrow capital-intensive industry with very few qualifying actors.
- Budgetary Magnitude Medium A 35 percent credit on refinery construction costs is substantial per project, but eligibility is confined to new facilities started before 2032, limiting aggregate federal revenue loss to a bounded set of projects.
- Legal / Regulatory Depth High Creates a new substantive statutory entitlement — IRC Section 48F — granting a legally enforceable investment tax credit that did not previously exist for this asset class.
- Degree of Discretion Granted Low Qualifying conditions are defined by statute with fixed deadlines; no significant rulemaking authority or agency discretion is delegated.
- Implementation & Enforcement Burden Low Administered through existing the IRS investment tax credit machinery with no new enforcement infrastructure required.
- Temporal Commitment Low Construction must begin before January 1, 2032 — a hard eligibility deadline within ten years — making the credit self-terminating for new entrants on that date.
No signal yet
Funding / Appropriations Top 5
5-cent per gallon credit for new refinery fuel production
Creates a new federal tax credit of 5 cents per gallon of gasoline or diesel produced at a newly built qualifying U.S. refinery and sold to an unrelated buyer, rewarding domestic fuel production at new facilities.
- Population Scope Low Applies exclusively to operators of newly constructed qualifying domestic refineries, a very small number of entities in a capital-intensive industry.
- Budgetary Magnitude Medium At 5 cents per gallon across qualifying new-refinery output, the aggregate credit is meaningful but bounded by the limited number of qualifying facilities and their production volumes.
- Legal / Regulatory Depth High Creates a new substantive statutory entitlement — IRC Section 45BB — establishing a legally enforceable per-gallon production tax credit for a previously uncredited category of activity.
- Degree of Discretion Granted Low Credit amount and eligibility conditions are set by statute; no material rulemaking authority is delegated to any agency.
- Implementation & Enforcement Burden Low Operates within the existing the IRS general business credit framework with no new enforcement infrastructure or private-party compliance obligation.
- Temporal Commitment Medium Eligibility rolls on a 10-year window from each facility's placed-in-service date, creating a long but bounded duration that forces a natural revisit rather than persisting purely indefinitely.
No signal yet
No possible riders have been surfaced for this bill.
Summary
This bill aims to lower the cost of fuel in the United States by cutting federal taxes on diesel and encouraging the construction of new oil refineries. It eliminates the federal excise tax (a tax collected at the point of sale or production) on diesel fuel and offsets the lost revenue by shifting money from the general fund to road and environmental trust funds. It also offers several tax incentives to spur domestic refinery construction, including a large investment credit, a per-gallon production credit, and permanent bonus depreciation for new refinery property. Among other elements, the bill * removes the federal excise tax on diesel fuel at both the retail and pipeline/rack levels; * transfers general fund money to the Highway Trust Fund and Leaking Underground Storage Tank (LUST) Trust Fund to replace lost diesel tax revenue; * creates a 35 percent investment tax credit for building new domestic oil refineries; * creates a 5-cent-per-gallon tax credit for gasoline and diesel produced at new qualifying refineries; * and makes permanent the 100 percent bonus depreciation allowance for property used to build new gasoline and diesel refineries.
AI-generated summary, pending human review.
| Version | Event | Date | User support | Your vote | Roll calls |
|---|---|---|---|---|---|
| Original |
Initial publication
Sep 24, 2026
|
Sep 24, 2026 | No votes yet | — | — |
Log in or create an account to record your vote on this legislation. Results are visible to all visitors.
Core Policy Mechanism Top 5
Repeal of federal excise tax on diesel fuel
Eliminates the federal excise tax on diesel fuel at both the retail sale level and the upstream pipeline or rack level, reducing the federal tax cost embedded in diesel prices for buyers and sellers.
- Population Scope High Diesel fuel is used pervasively in freight, agriculture, construction, and consumer goods supply chains, making the tax repeal's price effects felt across a very large share of the U.S. population.
- Budgetary Magnitude High The federal diesel excise tax generates billions of dollars annually; repealing it eliminates a major recurring federal revenue stream with no cap or sunset.
- Legal / Regulatory Depth High Repeals two substantive statutory tax obligations — IRC Sections 4041(a)(1) and 4081(a)(2)(A)(iii) — extinguishing binding legal duties on diesel fuel transactions nationwide.
- Degree of Discretion Granted Low The repeal is self-executing with no agency discretion; the tax simply ceases to apply after enactment.
- Implementation & Enforcement Burden Low Eliminating the tax removes an existing compliance obligation rather than creating any new enforcement infrastructure or requirement.
- Temporal Commitment High Persists indefinitely until Congress acts to repeal or reinstate the diesel excise tax.
No signal yet
Core Policy Mechanism
Repeal of federal excise tax on diesel fuel
Funding / Appropriations Top 5
General fund transfers to Highway and LUST Trust Funds
Requires the Treasury to transfer money from the general federal budget to the Highway Trust Fund and the Leaking Underground Storage Tank (LUST) Trust Fund to replace revenue lost from the diesel tax repeal, keeping both funds whole.
- Population Scope High Highway Trust Fund programs reach all states and localities through federal highway and transit funding, touching a substantial share of the U.S. population as infrastructure beneficiaries.
- Budgetary Magnitude High The transfers must equal the full revenue foregone from the diesel excise repeal — a recurring, open-ended obligation worth billions annually drawn from general fund appropriations.
- Legal / Regulatory Depth Medium Creates a new mandatory transfer mechanism and accounting rule for how transferred amounts are treated, which binds the Secretary of the Treasury's conduct rather than altering substantive rights across the regulated public.
- Degree of Discretion Granted Low Mandatory 'shall transfer' language leaves the Secretary of the Treasury no discretion over whether or how much to transfer.
- Implementation & Enforcement Burden Low The obligation is an intra-governmental accounting transfer with no new compliance, penalty, or enforcement mechanism directed at private parties.
- Temporal Commitment High Persists indefinitely, tied to the ongoing diesel tax repeal, until Congress acts to alter either provision.
No signal yet
Funding / Appropriations
General fund transfers to Highway and LUST Trust Funds
Core Policy Mechanism Top 5
Permanent bonus depreciation for new refinery construction
Makes permanent the 100 percent bonus depreciation deduction for property used to build new gasoline and diesel refineries, removing the existing expiration date so refinery builders can immediately deduct the full cost of qualifying property.
- Population Scope Low Benefits only businesses constructing new domestic gasoline and diesel refineries — a narrow set of capital-intensive actors with no direct effect on the general public.
- Budgetary Magnitude Medium Permanent 100 percent first-year deduction accelerates tax losses for qualifying refinery investments, reducing federal revenue meaningfully but only for a limited class of large-scale construction projects.
- Legal / Regulatory Depth High Amends IRC Section 168(n) to permanently remove a statutory expiration and phase-down, creating an indefinite substantive depreciation entitlement where Congress had previously imposed a binding limit.
- Degree of Discretion Granted Low The allowance is automatic for qualifying property with no agency discretion over its application or amount.
- Implementation & Enforcement Burden Low Administered through existing the IRS depreciation rules with no new compliance requirements or enforcement mechanisms for private parties.
- Temporal Commitment High Persists indefinitely for all qualifying refinery construction begun after enactment, as the provision removes the prior expiration date entirely.
No signal yet
Core Policy Mechanism
Permanent bonus depreciation for new refinery construction
Funding / Appropriations Top 5
35% investment tax credit for new U.S. oil refinery construction
Creates a new 35 percent federal tax credit for building new oil refineries in the United States that process liquid fuel from crude oil or related sources, with deadlines for starting construction and opening the facility.
- Population Scope Low The credit applies only to businesses and investors undertaking new domestic oil refinery construction — a narrow capital-intensive industry with very few qualifying actors.
- Budgetary Magnitude Medium A 35 percent credit on refinery construction costs is substantial per project, but eligibility is confined to new facilities started before 2032, limiting aggregate federal revenue loss to a bounded set of projects.
- Legal / Regulatory Depth High Creates a new substantive statutory entitlement — IRC Section 48F — granting a legally enforceable investment tax credit that did not previously exist for this asset class.
- Degree of Discretion Granted Low Qualifying conditions are defined by statute with fixed deadlines; no significant rulemaking authority or agency discretion is delegated.
- Implementation & Enforcement Burden Low Administered through existing the IRS investment tax credit machinery with no new enforcement infrastructure required.
- Temporal Commitment Low Construction must begin before January 1, 2032 — a hard eligibility deadline within ten years — making the credit self-terminating for new entrants on that date.
No signal yet
Funding / Appropriations
35% investment tax credit for new U.S. oil refinery construction
Funding / Appropriations Top 5
5-cent per gallon credit for new refinery fuel production
Creates a new federal tax credit of 5 cents per gallon of gasoline or diesel produced at a newly built qualifying U.S. refinery and sold to an unrelated buyer, rewarding domestic fuel production at new facilities.
- Population Scope Low Applies exclusively to operators of newly constructed qualifying domestic refineries, a very small number of entities in a capital-intensive industry.
- Budgetary Magnitude Medium At 5 cents per gallon across qualifying new-refinery output, the aggregate credit is meaningful but bounded by the limited number of qualifying facilities and their production volumes.
- Legal / Regulatory Depth High Creates a new substantive statutory entitlement — IRC Section 45BB — establishing a legally enforceable per-gallon production tax credit for a previously uncredited category of activity.
- Degree of Discretion Granted Low Credit amount and eligibility conditions are set by statute; no material rulemaking authority is delegated to any agency.
- Implementation & Enforcement Burden Low Operates within the existing the IRS general business credit framework with no new enforcement infrastructure or private-party compliance obligation.
- Temporal Commitment Medium Eligibility rolls on a 10-year window from each facility's placed-in-service date, creating a long but bounded duration that forces a natural revisit rather than persisting purely indefinitely.
No signal yet
Funding / Appropriations
5-cent per gallon credit for new refinery fuel production
Incomplete vote
You have not made a selection on all required items:
Choose Neutral if you prefer not to commit. Leaving without completing will remove all your votes for this bill from the totals.
Maximum recommendations reached
You have already recommended the maximum number of components allowed on this bill. To recommend [new component], choose one of your current recommendations to unselect: