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 seeks to replace the current language in subsection (a) of section 12-91 of the general statutes. The bill removes the term "All" and replaces it with "Any (1)" to clarify that the exemption applies to any farm machinery, including motor vehicles, valued up to one hundred thousand dollars, as well as horses or ponies used exclusively in farming. Additionally, it introduces a new provision that only one exemption will be allowed per farmer, group of farmers, partnership, or corporation, and specifies that subdivision (38) of section 12-81 will not apply to those receiving this exemption.

The changes will take effect on October 1, 2025, and are designed to streamline the process for farmers to qualify for tax exemptions on their farming-related vehicles and equipment. The bill emphasizes the need for farmers to meet specific standards outlined in subsection (d) to qualify for the exemption, ensuring that the benefits are directed towards those actively engaged in farming operations.