Connecticut State Department of Revenue Services

SN 91(28)

Tax on Gasoline and Gasohol Inventory

BACKGROUND: The Connecticut General Assembly has enacted a law that will increase the motor vehicle fuels tax on gasoline and gasohol in 1 cent or 2 cents per gallon increments on each of nine different occasions, the first of which was September 1, 1991 and the last of which is July 1, 1996. In conjunction with those tax rate increases, the General Assembly has also enacted a law that imposes a tax on the gasoline and gasohol inventory of each person who is licensed to sell fuel under Conn. Gen. Stat. §14-319 as of the close of business on the day before each of the nine different occasions when the motor vehicle fuels tax rate is increased.

PURPOSE: This Special Notice provides information concerning the next such occasion on which the motor vehicle fuels tax rate on gasoline and gasohol will be increased and the next such occasion on which a tax on gasoline and gasohol inventory will be imposed.

EFFECTIVE DATE: Effective upon issuance and applicable to gasoline and gasohol inventory as of the close of business on December 31, 1991.

STATUTORY AUTHORITY: 1991 Conn. Pub. Acts 3, §122 (June Spec. Sess.), amending Conn. Gen. Stat. §12-458d (a).

TAX RATE INCREASE: Effective January 1, 1992, the motor vehicle fuels tax rate on the sale or use of:

  • gasoline will increase from 25 cents to 26 cents per gallon.
  • gasohol will increase from 24 cents to 25 cents per gallon.

FLOOR TAX: All persons who are licensed to sell fuel under Conn. Gen. Stat. §14-319 must take an inventory of gasoline and gasohol as of the close of business on December 31, 1991 (or, for those stations open past midnight, at midnight). An inventory tax return (Form AU-926) must be filed, and a tax of 1 cent per gallon of gasoline and gasohol must be paid, not later than February 1, 1992.

DIESEL FUEL: The motor vehicle fuels tax rate on diesel fuel will remain at 18 cents per gallon and will not increase on January 1, 1992. There is no floor tax imposed on the inventory of diesel fuel as of the close of business on December 31, 1991 and no requirement that an inventory of diesel fuel be taken at that time. 

SN 91(28)
Motor vehicle fuels tax
Issued 11/91