The proposed bill, General Assembly Proposed Bill No. 1182, aims to enhance the Circuit Breaker property tax credit by increasing the maximum tax relief amounts and expanding eligibility criteria. Specifically, the bill proposes to raise the maximum tax relief for eligible married couples to $2,500 and for eligible single individuals to $2,000. Additionally, it seeks to broaden the eligibility for this tax relief to include individuals who are sixty years of age or older.

To implement these changes, the bill amends sections 12-170aa, 12-170bb, and 12-720cc of the general statutes. The new legal language will replace the existing provisions, thereby increasing the financial support available to qualifying individuals and ensuring that more seniors can benefit from the Circuit Breaker property tax credit. The overall goal of the bill is to provide greater financial assistance to older residents, helping them manage their property tax burdens more effectively.