The proposed bill, General Assembly Proposed Bill No. 466, aims to amend chapter 203 of the general statutes to exempt motor vehicles owned by individuals who are seventy-five years of age and older from property taxation. This legislative change is intended to provide financial relief to senior citizens by alleviating the tax burden associated with vehicle ownership.

The bill introduces new legal language that specifies the exemption for motor vehicles owned by individuals aged seventy-five and older, while there are no deletions from the current law noted in the text. The overall purpose of the bill is to support older residents by reducing their property tax obligations related to their vehicles.