Agency Information Collection Activities; Comment Request on Gas Guzzler Tax
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice invites public comment on the IRS's information collection related to the Gas Guzzler Tax, which applies to vehicles not meeting fuel economy standards. It affects individuals and organizations that import or manufacture such vehicles. The IRS seeks input on the necessity and accuracy of the information collection to improve and minimize the burden on those filing.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- IRS seeks public comment on Gas Guzzler Tax information collection
- Public invited to offer improvements on collection process
- Information collection affects those importing/manufacturing non-fuel-efficient vehicles
Obligations
What this law requires
Written comments on the information collection must be submitted on or before June 15, 2026 to be assured of consideration
Manufacturers and importers of automobiles not meeting fuel economy standards must compute the gas guzzler tax using Form 6197
Taxpayers must report the computed gas guzzler tax on Form 720 (quarterly tax return) or via one-time filing if not required to file Form 720 quarterly
The gas guzzler tax must be imposed on the sale, use, or lease of automobiles with model types that do not meet specified fuel economy standards
The gas guzzler tax applies to both automobiles imported for business use and those imported for personal use