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CT SB00168

Bill

Official Source

Status

Introduced

2/21/2012

Primary Sponsor

John McKinney

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Amends Chapter 227 of the general statutes to place a cap on the petroleum products gross earnings tax
  • Aims to reduce gas taxes paid by consumers at the pump
  • Prevents the state from receiving increased tax revenue ("windfall") when petroleum prices rise
  • Introduced by Sen. McKinney (28th District) and Sen. Fasano (34th District) during the February 2012 session
  • Referred to the Committee on Finance, Revenue and Bonding

Legislative Description

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

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/21/2012

Committee Referrals

Finance, Revenue and Bonding2/21/2012

Full Bill Text

No bill text available