{"data":{"id":"us-ct/conn.-gen.-stat.-12-599","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 12-599","heading":"Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*.","body":"(a) It is not the intention of the General Assembly that the tax imposed under section 12-587 be construed as a tax upon purchasers of petroleum products, but that such tax shall be levied upon and be collectible from petroleum companies as defined in said section 12-587, and that such tax shall constitute a part of the operating overhead of such companies.\n(b) No petroleum company subject to the tax imposed under section 12-587 shall raise its posted wholesale rack price in Connecticut for any petroleum product exempt from the federal Emergency Petroleum Allocation Act (P.L. 93-159) by an amount higher than the average amount by which such company raises its wholesale rack price for such product in all ports on the eastern coast of the United States.","path":["TITLE 12. TAXATION","CHAPTER 227*. SALE OF PETROLEUM PRODUCTS GROSS EARNINGS TAX"],"source_url":"https://www.cga.ct.gov/current/pub/chap_227.htm#sec_12-599","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:00Z","sha256":"3cf53608d2c718de713b0122168632a95e05d591f801010ddd52bf20b5efed2d","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-12-598","next":"us-ct/conn.-gen.-stat.-12-600"},"notice":"GroundRules: Original legal text. Not legal advice."}