DRS: SN 93(16), 1993 Legislative Amendments Affecting the Petroleum Products Gross Earnings Tax

 

STATE OF CONNECTICUT
DEPARTMENT OF REVENUE SERVICES

450 Columbus Blvd
Hartford CT 06103
 
 
 
 
 
 

 
 

SN 93(16)

1993 Legislative Amendments Affecting the Petroleum Products Gross Earnings Tax


PURPOSE: This Special Notice describes an amendment to the petroleum products gross earnings tax made by 1993 Conn. Pub. Acts 74, 37.


EFFECTIVE DATE: Applicable to gross earnings from certain sales of kerosene made on and after May 19, 1993.


STATUTORY AUTHORITY: 1993 Conn. Pub. Acts 74, 37, amending Conn. Gen. Stat. 12-587(a).


NEW TREATMENT FOR KEROSENE: Section 37 of 1993 Conn. Pub. Acts 74 has amended Conn. Gen. Stat. 12-587, which imposes a quarterly tax on the gross earnings from certain sales of petroleum products, so as to exclude therefrom gross earnings from sales of kerosene (also referred to as "number 1 oil"). Beginning on May 19, 1993, gross earnings from the first sale of kerosene are exempt from the tax if ultimately: (1) the kerosene is used exclusively for heating purposes and (2) it is delivered by a state-licensed supplier (but not necessarily by the taxpayer) (3) in a truck with a metered delivery ticket (4) to a residential dwelling or a centrally-metered system serving a group of residential dwellings.


REPORTING SALES OF KEROSENE: Gross earnings from sales of kerosene shall be reported on the Petroleum Products Gross Earnings Tax Return, Form OP-161 (revised 7/93), as follows: Gross earnings from all sales of kerosene shall be reported on Lines 1 and 2 of Form OP-161. Gross earnings that are not from the first sale of kerosene shall be reported on Line 3 of Form OP-161. Gross earnings that are from the first sale of kerosene in Connecticut shall be reported on Line 4 of Form OP-161. Gross earnings from sales of kerosene that are exempt from the tax, as described in the preceding paragraph, shall be reported on Line 8 of Form OP-161.


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.


EFFECT ON OTHER DOCUMENTS: None affected.


FOR FURTHER INFORMATION: To order forms and publications or for further information, call the Department of Revenue Services at 203-566-7033 or 1-800-382-9463 (in-state). Telecommunications Device for the Deaf (TDD/TT) users only call 203-297-4911.


SN 93(16)
Petroleum products gross earnings tax
Issued: 7/20/93