General Assembly Proposed Bill No. 175
February Session, 2012 LCO No. 660
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. KANE, 32nd Dist.
General Assembly
Proposed Bill No. 175
February Session, 2012
LCO No. 660
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. KANE, 32nd Dist.
AN ACT EXEMPTING COSMETIC GRADE MINERAL OIL FROM THE PETROLEUM PRODUCTS GROSS EARNINGS TAX .
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to clarify that cosmetic grade mineral oil is exempt from the petroleum products gross earnings tax.
Statement of Purpose:
To clarify the application of the gross earnings tax to cosmetic grade mineral oil.