GAS Act of 2026

This Act may be cited as the Giving Americans Savings Act of 2026 or the GAS Act of 2026 .

(a) In general. Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: 36C. Retail motor fuel credit (a) Allowance of credit In the case of an individual, there shall be allowed as a credit against the tax imposed by this subtitle an amount equal to the qualified motor vehicle fuel expenses of the individual for the taxable year. (b) Qualified motor vehicle fuel expenses For purposes of this section, the term qualified motor vehicle fuel expenses means the amount paid or incurred by the taxpayer to purchase gasoline or diesel fuel for personal use in a motor vehicle or to recharge an electric motor vehicle for personal use. (c) Denial of double benefit No credit or deduction shall be allowed under any other provision of the Internal Revenue Code of 1986 with respect to any expense taken into account under subsection (a) for the taxable year. (d) Regulations The Secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section. .

(b) Conforming amendments. (1) Section 6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by inserting , 36C after 36B . (2) Section 1324(b)(2) of title 31, United States Code, is amended by inserting , 36C after , 36B . (3) The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item: Sec. 36C. Retail motor fuel credit. .

(c) Effective date. The amendments made by this section shall apply to amounts paid or incurred after December 31, 2026.