The proposed bill, General Assembly Proposed Bill No. 6428, aims to amend title 12 of the general statutes by reducing the interest rate on delinquent property tax payments. Specifically, the bill seeks to lower the current interest rate from eighteen percent to eight percent.

This change is intended to alleviate the financial burden on property owners who fall behind on their tax payments, making it easier for them to manage their debts. The bill reflects a legislative effort to provide relief to taxpayers and promote financial stability within the community.