The proposed legislation, General Assembly Raised Bill No. 1183, aims to amend the existing personal property tax exemptions for motor vehicles used exclusively for farming. Specifically, it repeals the current language in subsection (a) of section 12-91 of the general statutes, which previously exempted "all" farm machinery, and replaces it with a new provision that includes "any" farm machinery and specifically mentions motor vehicles. The bill clarifies that these exemptions apply to farm machinery and motor vehicles valued up to one hundred thousand dollars, as long as they are owned and used exclusively for farming purposes by farmers or farming entities.

Additionally, the bill stipulates that only one exemption is allowed per farmer, group of farmers, partnership, or corporation, and that the exemption is contingent upon meeting specific qualifications outlined in subsection (d) of the same section. It also notes that subdivision (38) of section 12-81, which may pertain to other exemptions, will not apply to those receiving the new exemption under this bill. The changes are set to take effect on October 1, 2025.