Connecticut Fuel Sales Taxes 2018 Connecticut: Fuel Excise Taxes

Connecticut:

Connecticut Cigarette and Fuel Excise Taxes

In addition to (or instead of) traditional sales taxes, gasoline and other Fuel products are subject to excise taxes on both the Connecticut and Federal levels. Excise taxes on Fuel are implemented by every state, as are excises on alcohol and motor fuels like gasoline.

Connecticut Gasoline Tax

Excise: $0.25 / gallon
Addl. Tax: $0.00 / gallon
Total Tax: $0.25 / gallon

Connecticut Diesel Tax

Excise: $0.50 / gallon
Addl. Tax: $0.00 / gallon
Total Tax: $0.50 / gallon

Connecticut Gasohol Tax

Excise: $0.25 / gallon
Addl. Tax: $0.00 / gallon
Total Tax: $0.25 / gallon

† Additional Applicable Taxes: Plus a 8.1% petroleum tax


Connecticut Fuel Sales Taxes 2018 Other Connecticut Fuel Excise Tax Rates

The primary excise taxes on fuel in Connecticut are on gasoline, though most states also tax other types of fuel.


Connecticut Aviation Fuel sales tax rate

Connecticut Aviation Fuel Tax

In Connecticut, Aviation Fuel is subject to a state excise tax of Exempt from motor vehicle fuels tax subject to 8.1% petroleum products gross earnings tax

Point of Taxation: Distributor


Connecticut Jet Fuel sales tax rate

Connecticut Jet Fuel Tax

In Connecticut, Jet Fuel is subject to a state excise tax of Exempt from motor vehicle fuels tax subject to 8.1% petroleum products gross earnings tax

Point of Taxation: Distributor


Payment of Connecticut Fuel Excise Taxes

Payments of fuel excise taxes are made by fuel vendors, not by end consumers, though the taxes will be passed on in the fuel's retail price. Fuel tax is due on the 25th of each month and motor carrier road tax is due on April 30th, July 31st, October 31st, and January 31th for the previous quarter.

Connecticut Fuel Tax Reports

Fuel producers and vendors in Connecticut have to pay fuel excise taxes, and are responsible for filing various fuel tax reports to the Connecticut government. Click the button below to view details on three CT fuel tax reports.

Motor Vehicle Fuels Tax Return (O-MF)

Report Due: 25 day of the month following the preceding calendar month.

Report Penalties: 10% or $50 whichever is Greater

Payment Due: 25 day of the month following the preceding calendar month.

ReportPenalties: 10% or $50 whichever is Greater

PaymentPenalties: EFT Penalties: 1 - 5 days late is 2%; 6 - 15 days late is 5%; 16 days and more is 10%; Late payment via check is a flat 10%


Special Fuel Tax Return (OP-216)

Report Due: 25 day of the month following the preceding calendar month.

Report Penalties: See above

Payment Due: 25 day of the month following the preceding calendar month.

ReportPenalties: See above

PaymentPenalties: See above


Tax Paid - Motor Vehicle Fuel Tax Return (O-MF 1)

Report Due: 25 day of the month following the preceding calendar month.

Report Penalties: See above

Payment Due: 25 day of the month following the preceding calendar month.

ReportPenalties: See above

PaymentPenalties: See above




Federal Fuel Sales Taxes 2018 Federal Fuel Excise Taxes

The price of all motor fuel sold in Connecticut also includes Federal motor fuel excise taxes, which are collected from the manufacturer by the IRS and are used to support the Federal Highway Administration. Federal excise tax rates on various motor fuel products are as follows:

Gasoline $0.18.4 per gallon
Diesel and Kerosene $0.242 per gallon
Liquefied Petroleum Gas $0.183 per gallon
Liquefied Natural Gas (LNG) $0.243 per gallon
Compressed Natural Gas (CNG) $0.184 per gallon
Components of gasoline price Components of diesel price

Included in the Gasoline, Diesel/Kerosene, and Compressed Natural Gas rates is a 0.1 ยข per gallon charge for the Leaking Underground Storage Tank Trust Fund (LUST).

† These tax rates are based on energy content relative to gasoline.

What percentage of the cost of gas in Connecticut comes from taxes and gas station profit?

The diagram above shows how the prices of an average gallon of gasoline and diesel fuel are broken down among various components, including the cost of the crude oil, refining, distribution / marketing, and taxes. In most areas, state and federal excise taxes amount to about 13% of the cost of a gallon of gas. Gas stations generally only profit a few cents per gallon.




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Source: http://www.salestaxhandbook.com/connecticut/gasoline-fuel