Magazine
Subscribe
Editorial
Media Kit
Talk to us

News Mar 28, 2012 - 5:20 PM


Perone votes to lower gas tax

By State Representative Chris Perone's office





Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook del.icio.us Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug
State Representative Chris Perone, who represents Norwalk in the Connecticut General Assembly, voted for legislation (SB 457) that caps the gross receipts tax (GRT) on motor fuels at $3.00 per gallon wholesale.

“Gas prices have risen 15% since the beginning of the year. We have taken action today that will provide relief at the pump from these oppressive gas prices. And all savings will go directly to Connecticut consumers—not the big oil companies,” said Rep. Perone

Rep. Perone explained that the legislation specifically prohibits oil wholesalers and distributers (those who pay the gross receipts tax) from passing on anything purporting to be based on the tax for the portion of any sales price over $3.00 per gallon.

Large wholesalers in violation of profiteering statutes have much greater impact on consumers than individual retailers, so the legislation specifically grants the commissioner of the Department of Consumer authority to impose CUPTA fines of up to $10,000 upon large gasoline wholesalers and distributors who are in violation of profiteering laws.

The state’s petroleum profiteering law was also amended by today’s legislation to include an automatic trigger, based on extreme wholesale price increases, for price gouging protections to go into effect.

The bill, which is now headed to the governor for his signature, institutes similar profiteering protections in regards to home heating oil.




© Copyright by StamfordPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of StamfordPlus.com, Stamford Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar.




Possibly related or similar articles:
AT&T Connecticut Awards $10,000 Donation to Human Services Council¹s Norwalk Mentor - Aug 13, 2014 - 5:40:05 AM
STAR Awarded Grant for 14 Vans from State of CT Nonprofit Grant Program - Jul 10, 2014 - 5:53:39 AM
Sen. Duff Announces $50,000 Grant to Norwalk 2.0 - Jun 23, 2014 - 1:29:16 AM
Rep. Perone: Norwalk has received $95 million from DECD since 2006 - Apr 30, 2014 - 5:35:56 PM
Norwalk Legislators Welcome Plans for Additional Norwalk School Funding - Mar 28, 2014 - 11:37:43 AM





Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
CURRENT HEADLINES:
Family Centers Opens New School Based Health Center at Cloonan Middle School in Stamford
Beauty Blossoms throughout Waveny LifeCare Network thanks to Dedicated Flower Volunteers
Annual Migratory Bird Conservation Stamp Artistic Competition Begins
Stamford Public Schools Have Opportunity to Receive $1,000 By Rallying Participation at SPEF’s MarcUS for Change 5K on October 5th at Cove Park
AmeriCares Airlift Benefit Raises a Record $2 Million


Top of Page










StamfordPlus.com is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | Canaiden.com | Best of Norwalk | Best of Stamford | Hauterfly Magazine | SummerCampPlus.com

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.