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CT HB06620

Bill

Official Source

Status

Introduced

1/28/2015

Primary Sponsor

Linda Orange

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Amends Title 12 of the General Statutes to establish a flat rate of 8 cents per gallon for the petroleum products gross earnings tax.
  • Changes the current method of calculating the gross earnings tax on petroleum products to a fixed per-gallon rate instead of the existing calculation method.
  • Aims to reduce fuel and energy costs for consumers by lowering overall petroleum product taxation.
  • Intended to make Connecticut's gasoline prices more competitive with those in bordering states.

Legislative Description

An Act Establishing A Flat Rate Of Taxation Under The Petroleum Products Gross Earnings Tax.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/28/2015

Committee Referrals

Finance, Revenue and Bonding1/28/2015

Full Bill Text

No bill text available