The proposed bill, General Assembly Proposed Bill No. 901, aims to amend the general statutes to provide an exemption from state and property taxes for farm machinery and vehicles that are used exclusively for agricultural purposes. This legislative change is intended to support the agricultural sector by reducing the financial burden associated with taxes on essential farming equipment and vehicles.

The bill introduces new legal language that specifies the exemption for farm machinery and vehicles, while there are no deletions from current law mentioned in the text. The overall goal of the bill is to promote agricultural activities by alleviating tax obligations for farmers, thereby encouraging the growth and sustainability of the agricultural industry in the state.