Emergency Tax Relief on Diesel Fuel

What happened: An executive order directs the Treasury Secretary to determine whether relief is authorized under 26 U.S.C. 7508A and to defer certain diesel fuel excise tax payments incurred from October 5, 2026 through December 31, 2026. Key numbers: Order signed October 5, 2026. Why it matters: The order also directs the IRS to announce it will not impose penalties under 26 U.S.C. 6715(a)(1) or (a)(2) when dyed diesel fuel is sold for use or used on the highway during the same period, and to address relief for failure to make semimonthly deposits. Coverage: 10 outlets in 24h

An executive order directs the Treasury Secretary to determine whether relief is authorized under 26 U.S.C. 7508A and to defer certain diesel fuel excise tax payments incurred from October 5, 2026 through December 31, 2026.

The order also directs the IRS to announce it will not impose penalties under 26 U.S.C. 6715(a)(1) or (a)(2) when dyed diesel fuel is sold for use or used on the highway during the same period, and to address relief for failure to make semimonthly deposits.