Lets taxpayers deduct taxes and surcharges on gas and electric bills.
This bill would let people deduct the taxes and state-mandated fees found on their gas and electric utility bills from their federal income taxes. This change could help reduce the taxable income for millions of Americans, taking effect for tax years starting after the bill becomes law.
Today, taxes and state-mandated surcharges on gas or electric utility bills cannot be specifically deducted from federal income taxes. If this bill becomes law, taxpayers would be able to deduct all these taxes and state-mandated surcharges from their federal income, potentially lowering their taxable income for tax years starting after the bill is enacted.
HR 8350 · 119th Congress · April 16, 2026 · AI Summary by gemini-2.5-flash · 8/10
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