Connecticut State Department of Revenue Services

SN 92(24)

Tax on Gasoline, Gasohol, and Natural Gas Inventory

BACKGROUND: During its June 1991 Special Session, the Connecticut General Assembly enacted a law that will increase the motor vehicle fuels tax on gasoline, gasohol and natural gas 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 also enacted a law that imposes a tax on the gasoline, gasohol and natural gas 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, gasohol and natural gas will be increased and the next such occasion on which a tax on gasoline, gasohol and natural gas inventory will be imposed.

EFFECTIVE DATE: Effective upon issuance and applicable to gasoline, gasohol and natural gas inventory as of the close of business on December 31, 1992.

STATUTORY AUTHORITY: Conn. Gen. Stat. §12-458d (a), as amended by 1991 Conn. Pub. Acts 3, §122 (June Spec. Sess.) and 1992 Conn. Pub. Acts 177, §9.

FLOOR TAX: All persons who are licensed to sell fuel under Conn. Gen. Stat. §14-319 must take an inventory of gasoline, gasohol and natural gas (gaseous form) as of the close of business on December 31, 1992 (or, for those stations open past midnight, at midnight). An inventory tax return (Form AU-926) must be filed, and a tax of 2 cents per:

  • gallon of gasoline and gasohol and
  • 120.89 cubic feet of natural gas (at 14.73 lbs. of pressure per square inch, 60 degrees Fahrenheit)

must be paid, not later than February 1, 1993.

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, 1993. There is no floor tax imposed on the inventory of diesel fuel as of the close of business on December 31, 1992 and no requirements that an inventory of diesel fuel be taken at that time. 

SN 92(24)
Motor vehicle fuels tax
Issued 12/2/92