General Assembly Proposed Bill No. 427 January Session, 2013 LCO No. 1070 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. General Assembly Proposed Bill No. 427 January Session, 2013 LCO No. 1070 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. AN ACT CONCERNING A REDUCTION IN THE GROSS EARNINGS TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 227 of the general statutes be amended to reduce the petroleum products gross earnings tax from seven per cent to five per cent. Statement of Purpose: To cut the tax on gasoline.