,,ii  #aaith ,,congress  #b;d ,session  
,s4 #ddhe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #aa1      
#bjbf,mr4 ,hawley introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to provide a tax
 holiday for gasoline and diesel fuel4  
#a4 ,short title ,this ,act may be cited
 as the ,gas ,tax ,suspension ,act4  #b4
 #bjbf tax holiday for taxable fuels    
7a7 ,in general ,in the case of taxable 
fuel 7as defined in section             
#djhc7;a77#a7 of the ,internal ,revenue 
,code of #aihf7 removed1 entered1 or    
sold on or after the date of the        
enactment of this ,act and before the   
applicable date-- 7#a7 the rate of tax  
under clauses 7i7 and 7iii7 of section  
#djha7;a77#b77;,a7 of the ,internal     
,revenue ,code of #aihf shall be zero1  
and  7#b7 the ,leaking ,underground     
,storage ,tank ,trust ,fund financing   
rate under section #djha7;a77#b77;,b7 of

 such ,code shall not apply to taxable  
fuel to which the rate under paragraph  
7#a7 applies4  7b7 ,transfers to ,trust 
,fund  7#a7 ,in general ,the ,secretary 
of the ,treasury shall transfer from the
 general fund to the ,highway ,trust    
,fund established under section         
#iejc7;a7 of the ,internal ,revenue     
,code of #aihf and the ,leaking         
,underground ,storage ,tank ,trust ,fund
 established under section #iejh7;a7 of 
such ,code amounts equal to the         
reduction in amounts credited 7but for  
this subsection7 to each such ,trust    
,fund by reason of subsection 7a74  7#b7
 ,coordination rules  7,a7 ,leaking     
,underground ,storage ,tank ,trust ,fund
 ,amounts transferred to the ,leaking   
,underground ,storage ,tank ,trust ,fund
 under paragraph 7#a7 shall be treated  
for purposes of sections #iejc7;b77#a7  
and #iejh7;b77#b7 of such ,code as taxes
 received in the ,treasury under section
 #djha of such ,code attributable to the
 ,leaking ,underground ,storage ,tank   

,trust ,fund financing rate4  7,b7      
,highway ,trust ,fund ,amounts          
transferred to the ,highway ,trust ,fund
 under paragraph 7#a7 shall be treated  
for purposes of section #iejc7;b77#a7 of
 such ,code as taxes received in the    
,treasury under section #djha of such   
,code which are not attributable to the 
,leaking ,underground ,storage ,tank    
,trust ,fund financing rate4  7c7       
,applicable date ,for purposes of this  
section1 the term applicable date       
means-- 7#a7 the date which is #ij days 
after the date of enactment of this     
,act1 or  7#b7 if the ,president        
determines1 in the ,president's sole    
discretion1 that economic conditions    
merit an additional suspension of the   
tax on taxable fuels described in       
subsection 7a71 the date which is #ahj  
days after the date of enactment of this
 ,act4