Cap On Gross Receipts Tax Unanimous In Both Houses
By SUSAN HAIGH and SHANNON YOUNG, Associated Press
HARTFORD, Conn. (AP) _ The Connecticut House of Representatives has given final legislative approval to a bill supporters say addresses rising gasoline prices and protects consumers from alleged profiteering and price gouging in the state.
House members voted 146-0 in favor of the bill on Wednesday afternoon. The Senate also approved it, 36-0.
The legislation now moves to Gov. Dannel P. Malloy’s desk. He’s expected to sign it.
The bill caps the gross receipts tax on fuels when prices hit $3 a gallon. Considering the wholesale price in New Haven is currently $3.20 a gallon, this plan would reduce the current price of regular unleaded by 1.5 cents. Proponents said the cap will protect motorists from future increases.
Republicans in both chambers unsuccessfully tried to stop an increase the wholesale tax, scheduled for 2013.
(Copyright 2012 by The Associated Press. All Rights Reserved.)