Bill Text: CT HB05049 | 2012 | General Assembly | Introduced

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Bill Title: An Act Concerning A Cap On The Petroleum Products Gross Earnings Tax.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2012-02-14 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05049 Detail]

Download: Connecticut-2012-HB05049-Introduced.html

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General Assembly		Proposed Bill No. 5049
February Session, 2012		LCO No. 199
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. BACCHIOCHI, 52nd Dist.

AN ACT CONCERNING A CAP ON THE PETROLEUM PRODUCTS GROSS EARNINGS TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 12-587 of the general statutes be amended to provide that the maximum petroleum products gross earnings tax would be three dollars per gallon.

Statement of Purpose:

To cap the wholesale gas tax to help lower the high taxes associated with the purchase of gasoline.