The proposed bill, General Assembly Proposed Bill No. 1225, seeks to amend the current regulations regarding the sale of towed motor vehicles by towing companies. 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 a towing company must wait before selling a towed vehicle 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 waiting period 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 timeframe to sell towed vehicles, thereby aligning Connecticut'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.