Emergency Tax Relief on Diesel Fuel
Official release from The White House, not original reporting. Charges are allegations unless a conviction is stated.
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
Section 1 . Purpose and Policy . Farmers and truckers are essential to the American way of life. Restricted global diesel supply has led to rising prices, and these key industries have been particularly hard hit. While my Administration has already undertaken historic efforts to ensure fuel affordability for our citizens, it is clear that further temporary relief is necessary.
To that end, today I am directing the Secretary of the Treasury (Secretary) to use his authority to defer certain diesel fuel tax payment obligations and to provide penalty relief to the extent permitted by law. I am also directing the Secretary of Agriculture and the Secretary of Transportation to facilitate implementation of this policy. This targeted action will put money directly in the pocket of American farmers, truckers, and workers, to support their vital service to our Nation.
Sec . 2 . Deferring Certain Payments of Excise Tax Liability and Providing Penalty Relief . (a) Within 5 days of the date of this order, the Secretary, in consultation with the Secretary of War, as appropriate, shall determine whether relief is authorized under 26 U.S.C. 7508A, including whether a qualifying event has occurred and which taxpayers have been affected by that event. If the Secretary makes those determinations, the Secretary shall, to the extent authorized by law, defer payment by those taxpayers of the taxes imposed by 26 U.S.C. 4041(a)(1)(A) or by 26 U.S.C. 4041(b)(1)(B) and that are incurred during the period of October 5, 2026, through December 31, 2026.
(b) Amounts deferred pursuant to the Secretary's exercise of authority described in subsection (a) of this section shall, to the extent authorized by law, be deferred without any penalties, interest, additional amount, or addition to the tax.
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Issued by: The White House. Selected by InstaBriefs for relevance to our readers; not original reporting or independent verification. Charges described are allegations unless a conviction is stated.
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