SN 98(7)

1997 Legislative Changes Affecting The Petroleum
Products Gross Earnings Tax Effective July 1, 1998

This publication has been cited in SN 98(12)

PURPOSE: The purpose of this Special Notice is to describe the changes made to the petroleum products gross earnings tax during the 1997 session of the Connecticut General Assembly.

STATUTORY AUTHORITY: 1997 Conn. Pub. Acts 281, §1.

EFFECTIVE DATE: The effective dates of the legislative changes are noted herein.

REDUCED RATE FOR PETROLEUM PRODUCTS GROSS EARNINGS TAX ON CERTAIN SALES OF #2 AND #6 OILS: 1997 Conn. Pub. Acts 281, §1, phases out over five years the gross earnings tax on sales of number 2 heating oil used exclusively in a vessel that is primarily engaged in interstate commerce, where the vessel qualifies for an exemption under Conn. Gen. Stat §12-412. The tax is also being phased out on sales of number 6 fuel oil used exclusively by a company which is included in code classifications 2000 to 3999, inclusive (Major Groups 20 through 39, inclusive, Division D (Manufacturing)) of the Standard Industrial Classification (SIC) Manual, 1987 edition.

For such sales of number 2 and number 6 oil made:

EFFECT ON OTHER DOCUMENTS: Form OP-161, Petroleum Products Gross Earnings Tax Return, will be revised to reflect these rate reductions. CERT-116, Exempt Petroleum Products Certificate, will be modified to reflect this change. The Department will issue an Announcement when CERT-116, as modified, is available.

EFFECT OF THIS DOCUMENT: A Special Notice is a document that announces a new policy or practice in response to changes in State or federal laws or regulations, or to judicial decisions. A Special Notice indicates the Department’s informal interpretation of Connecticut tax law and may be referred to for general guidance by taxpayers or tax practitioners.

FOR FURTHER INFORMATION: For further information concerning Petroleum Products Gross Earnings Tax, call the Excise/Public Services Division at 860-541-3225.

If you have questions about Connecticut taxes, please call the Department of Revenue Services during business hours, Monday through Friday:

• 860-297-5962 (Hartford calling area or from out-of-state); or
• 1-800-382-9463 (toll-free from within Connecticut)

FORMS AND PUBLICATIONS:

You may obtain forms and publications at any hour, seven days a week:

• Telephone: use the phone numbers listed above and select Option 2 from a touch-tone phone;
• Internet: preview and download forms from the DRS Web site.

Telecommunications Device for the Deaf (TDD/TT) users only, please call 860-297-4911 during business hours.

SN 98(7)
Petroleum Products Gross Earnings Tax
Issued: 6/11/98