From Main Street News:

Introduced by Senate Republican Leader John McKinney and House Republican Leader Larry Cafero, the petition would call for a special session of the General Assembly to legislate a cap on the wholesale price of gas that the gross receipts tax is assessed against at $2.97. The cap would keep Connecticut’s gross receipts tax, which is currently 25.7 cents a gallon, from exceeding 20 cents a gallon. According to the Connecticut Department of Revenue Services, the tax pays for transportation infrastructure costs, the general fund, and for the cleaning and removal of underground petroleum storage tanks.

A report published by the United States Energy Information System, is cited by Pacileo for showing that the gross recites tax has caused Connecticut residents to pay more for gas. According to the report, Connecticut residents pay 69.1 cents per gallon in total taxes which is 10 cents higher than New York residents, and 20 cents more than either Rhode Island or Massachusetts residents.

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