WATERBURY, Conn. (AP) -- Gov. M. Jodi Rell appeared at a Waterbury gas station Tuesday to sign legislation repealing a planned July 1 gas tax increase.The law, which takes effect immediately, is also intended to make it easier for gas stations to offer discounts to customers who use cash instead of credit cards to fill their tanks.
The state's gross receipts tax on petroleum products, a levy on wholesale earnings from gas sales, had been slated to climb from 7 percent to 7.5 percent on July 1.
Gas station dealers predicted the increase, which would have generated $25 million for the state, would have boosted gas prices by up to 5 cents per gallon.
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