The proposed bill, General Assembly Proposed Bill No. 6546, aims to amend section 12-91 of the general statutes to increase the property tax exemption for farm machinery. The bill specifies that the exemption will be raised to five hundred thousand dollars of the assessed value of the machinery.

This change is intended to provide greater financial relief to farmers by reducing their property tax burden on machinery, thereby supporting the agricultural sector. The bill reflects a commitment to enhancing the economic viability of farming operations within the state.