The proposed bill, General Assembly Proposed Bill No. 6522, aims to phase out the motor vehicle property tax over a five-year period. The bill amends title 12 of the general statutes by introducing a gradual reduction in the mill rate applied to motor vehicles. Specifically, the mill rate will be capped at twenty-eight in the first year, twenty-four in the second year, eighteen in the third year, and eleven in the fourth year, ultimately leading to the complete elimination of the tax in the fifth year.

This legislative change is intended to alleviate the financial burden of motor vehicle property taxes on residents, providing a structured timeline for the phase-out. The bill does not specify any deletions from current law but focuses on the new insertions that establish the gradual reduction of the tax rate.