Connecticut Seal

General Assembly

Amendment

 

January Session, 2011

LCO No. 5688

   
 

*SB0123905688SRO*

Offered by:

 

SEN. MCKINNEY, 28th Dist.

SEN. FASANO, 34th Dist.

 

To: Senate Bill No. 1239

File No.

Cal. No.

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. Subsection (b) of section 12-587 of the general statutes is amended by adding subdivision (4) as follows (Effective July 1, 2011):

(NEW) (4) For the quarterly periods beginning on and after July 1, 2011, any company subject to tax under this subsection that receives in excess of three dollars and thirty cents per gallon from the first sale of petroleum products within this state shall be deemed to have received three dollars and thirty cents per gallon.

Sec. 502. Subsection (c) of section 12-587 of the general statutes is amended by adding subdivision (4) as follows (Effective July 1, 2011):

(NEW) (4) For the quarterly periods beginning on and after July 1, 2011, any company subject to tax under this subsection that gives consideration or contracts to give consideration in excess of three dollars and thirty cents per gallon from the first sale of petroleum products within this state shall be deemed to have received three dollars and thirty cents per gallon. "

In line T1618, strike "$226,900,000" and insert in lieu thereof "$236,900,000"