The proposed bill, General Assembly Proposed Bill No. 6461, aims to amend title 12 of the general statutes by eliminating two key tax components: the estate and gift taxes, as well as the qualifying income thresholds for personal income tax deductions related to Social Security benefits and pension and annuity income. The bill seeks to simplify the tax structure by removing these taxes and thresholds, thereby potentially increasing the financial benefits for individuals receiving these forms of income. Specifically, the bill introduces the elimination of the estate and gift taxes and the removal of qualifying income thresholds for personal income tax deductions for Social Security benefits and pension and annuity income. There are no deletions from current law mentioned in the text, as the focus is solely on the proposed insertions to enhance tax relief for residents. The intent behind this legislation is to provide greater financial flexibility and support for individuals and families in the state.