The proposed bill, General Assembly Proposed Bill No. 6543, aims to amend title 12 of the general statutes to establish a cap on property tax increases specifically for senior citizens and individuals with fixed incomes. The cap would limit any increase in property taxes to an amount that does not exceed the percentage increase in Social Security benefits for the most recent benefit year. This measure is intended to provide financial relief to vulnerable populations who may struggle with rising property taxes.

The bill introduces new legal language that specifies the cap on property tax increases, while there are no deletions from current law noted in the text. The overarching goal of the legislation is to protect senior citizens and those on fixed incomes from the financial burden of escalating property taxes, thereby ensuring their economic stability and well-being.