Bill Text: CT HB05194 | 2014 | General Assembly | Introduced
Bill Title: An Act Concerning A Reduction In The Petroleum Products Gross Earnings Tax.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2014-02-18 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05194 Detail]
Download: Connecticut-2014-HB05194-Introduced.html
General Assembly |
Proposed Bill No. 5194 |
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February Session, 2014 |
LCO No. 603 | ||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. KOKORUDA, 101st Dist. |
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AN ACT CONCERNING A REDUCTION IN THE PETROLEUM PRODUCTS 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 to seven per cent as of July 1, 2014, and that such reduction be offset by a reduction in the earned income tax rate.
Statement of Purpose: