The proposed bill, General Assembly Proposed Bill No. 6766, aims to amend title 12 of the general statutes to provide a tax credit specifically for veterans. Under this bill, any veteran would be eligible to claim a tax credit for one motor vehicle that is ten years old or older. This initiative is designed to offer financial relief to veterans who own older vehicles.
The bill introduces new legal language that allows for this tax credit, while there are no deletions from current law specified in the text. The overall purpose of the bill is to support veterans by recognizing their service and providing them with a benefit related to their motor vehicle ownership.