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

This legislation seeks to enhance transparency and communication between municipalities and property owners, ensuring that owners are informed of their filing obligations and the financial implications of their property taxes. The bill does not specify any deletions from current law but introduces new requirements for notification and detailed billing practices.