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 seeks to raise the maximum tax relief for eligible married couples to $2,500 and for eligible single individuals to $2,000. Additionally, it proposes to extend eligibility for this tax relief to individuals who are 60 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 proposed adjustments reflect a commitment to providing greater financial support to seniors and married couples, thereby addressing the needs of these groups in relation to property tax burdens.