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Connecticut Legislature To Vote On Capping Gas Tax

Gas Station (file / credit: STAN HONDA/AFP/Getty Images)

Gas pump (file / credit: STAN HONDA/AFP/Getty Images)

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HARTFORD, CT (CBSNewYork) - Since last year, we’ve been telling you about Connecticut St. Sen. Len Suzio’s calls to lower the gas tax there. Now something is being done about it.

WCBS 880 Connecticut Bureau Chief Fran Schneidau On The Story

It’s being hailed as the first tax break in Connecticut in ten years.

Republican Suzio says both Democratic and Republican lawmakers have agreed on a plan to cap the gross receipts tax on gasoline.

Suzio explains this tax, which rises with the price of gasoline, has been collecting a fortune for the state of Connecticut at the expense of consumers.

“This year alone, we’re talking about the state of Connecticut is anticipating collecting $65 million more than what we budgeted for simply because the price of gas has gone up at the pump,” Suzio told WCBS 880 Connecticut Bureau Chief Fran Schneidau.

Democratic Senate President Don Williams says the tax will cap at the gasoline wholesale price of $3 a gallon.

“We need to do everything that we can at the state level to moderate the impact if not reduce prices and that’s what we’re doing,” said Williams.

Suzio wishes the cap would have been at a lower amount, but is still happy with the compromise.

Members of the House are also set to vote on a similar proposal.

What do you think of the plan? Sound off in the comments section below!