Posted on March 10, 2022
HARTFORD – Connecticut Senate and House Republicans are calling on state lawmakers to temporarily suspend the state gross receipts tax on gasoline and are demanding that Connecticut’s federal Congressional delegation deliver on a federal gas tax cut proposal to provide immediate relief to Connecticut residents as gas prices surge.
Connecticut Republican lawmakers are proposing to suspend the state’s gross receipts tax on gasoline which has risen to 26.4 cents per gallon in recent weeks. They are also demanding that Connecticut’s federal delegation follow through on calls to halt the federal 18.4 cents per gallon gas tax.
Together, these proposals will immediately save Connecticut residents 44.8 cents on every gallon of gasoline.
Republican leaders are calling on state lawmakers to adopt this proposal immediately during the legislative session scheduled for Wednesday, March 16, 2022. The lawmakers will also seek to adopt language to require that suppliers and retailers pass on the reduction in taxes to consumers.
The state tax proposal is budget neutral. The state can afford the reduction with its windfall in increased sales tax and gas tax revenue the state is collecting as a result of inflation.