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CT SB01095

Bill

Official Source

Status

Introduced

3/7/2013

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Repeals the scheduled increase in the petroleum products gross earnings tax from 7% to 8.1% that was set to take effect July 1, 2013.

  • Maintains the petroleum products gross earnings tax rate at 7% for calendar quarters commencing on or after July 1, 2007.

  • Applies the same 7% tax rate to imports of petroleum products into the state, eliminating the scheduled 8.1% rate increase for imported products.

  • Takes effect July 1, 2013, and amends Section 12-587 of the general statutes.

Legislative Description

An Act Eliminating The Increase In The Petroleum Products Gross Earnings Tax.

Last Action

Public Hearing 03/18

3/13/2013

Committee Referrals

Finance, Revenue and Bonding3/7/2013

Full Bill Text

No bill text available