The proposed bill, General Assembly Proposed Bill No. 698, aims to amend the general statutes regarding property tax bills issued by municipalities. The bill mandates that municipalities must notify owners of income-producing properties when they fail to timely file a declaration of personal property related to their property. Additionally, the bill requires that property tax bills include a detailed breakdown of the taxes owed and any penalties imposed.

The intent of this legislation is to enhance transparency and communication between municipalities and property owners, ensuring that property owners are aware of their filing obligations and the financial implications of their property taxes. By implementing these requirements, the bill seeks to improve compliance and understanding of property tax responsibilities among owners of income-producing properties.