Tags / Consumer Relief
Consumer Relief
Measures (2)
SBN-1940bill · in_committee
SUSPENSION OR REDUCTION OF EXCISE TAXES ON PETROLEUM PRODUCTS
This bill authorizes the President to suspend or reduce excise taxes on petroleum products during national or global economic emergencies, amending the National Internal Revenue Code to provide a mechanism for timely fiscal responses to oil price volatility.
SBN-5bill · in_committee
AUTOMATIC SUSPENSION OF EXCISE TAXES ON PETROLEUM PRODUCTS
This bill aims to automatically suspend excise taxes on regular gasoline, unleaded premium gasoline, and diesel when the average Dubai crude oil price reaches or exceeds USD 80 per barrel.