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https://www.cga.ct.gov/2012/rpt/2012-R-0034.htm
Jan 19, 2012 · The petroleum products gross earnings tax applies to the gross earnings of companies distributing petroleum products in Connecticut. The tax is 7% of the revenue from the initial sale of petroleum products, including propane, which typically occurs at the wholesale level. It is scheduled to increase to 8.1% on July 1, 2013.
https://www.cga.ct.gov/2011/rpt/2011-R-0415.htm
The taxability of propane, also known as liquefied petroleum gas or LPG, under the sales and petroleum products gross earnings taxes depends on how it is used and delivered. Residential use of propane is exempt from the sales tax under CGS § 12-412 .
https://www.ctnewsjunkie.com/archives/entry/shoreline_republicans_propane_tax_punishes_the_prepared/
A customer who receives a 100-gallon propane delivery at a cost of $3 per gallon will pay $26.43 in taxes per delivery at 8.81 percent.Author: Elizabeth Regan
https://portal.ct.gov/DRS/Publications/Rulings/1994/Ruling-94-16
Whether any part of the gross earnings of the Company from its distribution in Connecticut of propane gas which contains intermingled petroleum gas propane and natural gas propane must be included in the measure of Petroleum Products Gross Earnings Tax under Conn. Gen. Stat. §12-587.
https://portal.ct.gov/DRS/Publications/Policy-Statements/1994/PS-9441-Exemptions-For-Petroleum-Products-Gross-Earnings-Tax-Purposes
These products, the gross receipts from the first sale in Connecticut of which are excluded from tax, are referred to in PS 94(4), Petroleum Products Gross Earnings Tax Exemptions, as exempt petroleum products. Whether or not a product is an exempt petroleum product depends on the use to which it will ultimately be put.
https://www.cga.ct.gov/current/PUB/chap_227.htm
(2) Consideration given or contracted to be given for petroleum products, gross earnings from the first sale of which are exempt from tax under subdivision (2) of subsection (b) of this section, shall be exempt from tax.
https://www.cga.ct.gov/2012/rpt/2012-R-0442.htm
Connecticut ' s petroleum products gross earnings tax applies to the gross earnings of companies distributing, refining, or importing petroleum products in Connecticut. The tax applies to gross revenue from the initial sale of petroleum products into the state. It is thus paid at the wholesale level and not collected from retail customers as a separate charge. The current tax rate is 7%.
https://www.cga.ct.gov/2008/rpt/2008-R-0480.htm
Aug 21, 2008 · These taxes are the (1) sales tax, (2) motor vehicle fuels tax, (3) petroleum products gross earnings tax, and (4) public service company tax. For each tax, we show below the types of goods or situations to which they generally apply followed by a list of the fuels or petroleum products or uses that are exempt from each one.
https://www.tax.ohio.gov/sales_and_use/information_releases/st199801.aspx
Non-utility natural gas suppliers do not pay the 4.75% gross receipts excise tax but must collect from the consumer the sales or use taxes that may be due. Charges for delivery of the natural gas by a non-utility gas supplier are subject to sales or use tax even if the delivery charges [1] are stated or billed separately from the amount charged for the natural gas.
https://quizlet.com/128533415/8710-ch5-flash-cards/
A) A corporation can be subject to both the accumulated earnings tax and the personal holding company tax in the same year. B) The accumulated earnings tax is applied to a corporation's earnings. If the earnings are not subsequently distributed, the earnings will be taxed again under the accumulated earnings tax the next year.
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