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CT SB00005

Bill

Official Source

Status

Introduced

2/8/2012

Primary Sponsor

John Kissel

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Amends Chapter 227 of the General Statutes to impose a cap on the petroleum gross earnings tax
  • Aims to prevent the state from receiving excess tax revenue during periods of rising gas prices
  • Intended to reduce overall taxes on petroleum products
  • Designed to help slow increases in gas prices to consumers

Legislative Description

An Act Concerning A Cap On The Petroleum Gross Earnings Tax.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/8/2012

Committee Referrals

Finance, Revenue and Bonding2/8/2012

Full Bill Text

No bill text available