Proposed Bill No. 496, introduced by Senator Sampson of the 16th District, aims to amend the general statutes to control the growth of property taxes and the imposition of new mandates on municipalities. The bill proposes to establish a cap on the annual increase of property tax, limiting it to no more than two percent or the rate of inflation, whichever is less. Additionally, the bill seeks to exclude unfunded state mandates from this cap, ensuring that such mandates do not contribute to the property tax increase.

Furthermore, the bill requires a supermajority vote for legislative action, stipulating that any new mandate on a municipality must receive a two-thirds majority vote in each chamber of the General Assembly before it can be imposed. The stated purpose of the bill is to restrict the growth of property taxes that residents face annually and to make it more challenging for the state government to impose new requirements on local governments without significant legislative agreement.