LCO No. 1200 1 of 1 General Assembly Proposed Bill No. 5593 January Session, 2019 LCO No. 1200 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. COOK, 65th Dist. AN ACT EXEMPTING LIQUID ASPHALT FROM THE GROSS EARNINGS TAX ON PETROLEUM PRODUCTS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 227 of the general statutes be amended to exempt 1 liquid asphalt used exclusively for asphalt pavement from the gross 2 earnings tax on petroleum products. 3 Statement of Purpose: To exempt liquid asphalt used exclusively for asphalt pavement from the gross earnings tax on petroleum products.