Connecticut § 12-599 - Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*.
Full text of Connecticut Connecticut General Statutes § 12-599 — Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*., with citation guidance and answers to common questions.
§ 12-599. Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*.
Sec. 12-599. Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*. (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.
(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.
(P.A. 80-71, S. 13, 30.)
*Note: Unconstitutional as violative of supremacy clause. Mobil Oil Corp. v. Dubno (D.C. 1980) 492 F. Supp. 1004.
History: P.A. 80-71 effective July 1, 1980, and applicable to calendar quarters commencing on or after that date.
Cited. 202 C. 583.
Cited. 44 CS 407.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 12-599
What does Connecticut General Statutes § 12-599 cover?
Section 12-599 ("Tax to constitute operating overhead of taxpayer. Limitation on price increases in this state*.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 12-599?
A common citation format is "Connecticut General Statutes § 12-599" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 12-599 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.