Conn. Gen. Stat. § 12-599
Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*
Connecticut · General Statutes of Connecticut Chapter 227 — Sale of Petroleum Products Gross Earnings Tax · Status: effective
Cite this
- Citation
- Conn. Gen. Stat. § 12-599, Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2175769
- Permanent ID
ys:prov:2175769@1- SHA-256
903f8142e16b3fa45125b9e4849d541b34b3822ec74c06fad865d2f0aea36154
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) It is not the intention of the General Assembly that the tax imposed under section 12-587 be construed as a tax upon purchasers of petroleum products, but that such tax shall be levied upon and be collectible from petroleum companies as defined in said section 12-587, and that such tax shall constitute a part of the operating overhead of such companies.
(b) No petroleum company subject to the tax imposed under section 12-587 shall raise its posted wholesale rack price in Connecticut for any petroleum product exempt from the federal Emergency Petroleum Allocation Act (P.L. 93-159) by an amount higher than the average amount by which such company raises its wholesale rack price for such product in all ports on the eastern coast of the United States.