General Assembly Proposed Bill No. 6620
January Session, 2015 LCO No. 2475
*02475*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ORANGE, 48th Dist.
General Assembly
Proposed Bill No. 6620
January Session, 2015
LCO No. 2475
*02475*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ORANGE, 48th Dist.
AN ACT ESTABLISHING A FLAT RATE OF TAXATION UNDER THE PETROLEUM PRODUCTS GROSS EARNINGS TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 12 of the general statutes be amended to provide that the petroleum products gross earnings tax be changed to a flat rate of eight cents per gallon of fuel.
Statement of Purpose:
To reduce fuel and energy costs for consumers and make Connecticut's gasoline prices competitive with bordering states by changing the method for calculating the gross earnings tax on petroleum products.