The proposed bill, General Assembly Proposed Bill No. 1225, seeks to amend the existing law regarding the time frame in which a towing company can sell a towed motor vehicle. Specifically, it modifies subparagraphs (A) and (B) of subdivision (3) of subsection (e) of section 14-150 of the general statutes. The bill increases the time period for a towing company to sell a motor vehicle that has been towed and stored to forty-five days, up from fifteen days, if the vehicle's market value is $1,500 or less. For vehicles with a market value exceeding $1,500, the time frame is extended to sixty days, an increase from the previous forty-five days.

The purpose of this legislation is to provide towing companies with a longer period to sell towed vehicles, thereby aligning the state's regulations with those of neighboring states. This change aims to facilitate better management of towed vehicles and potentially reduce the number of vehicles that remain unclaimed for extended periods.