The proposed legislation, General Assembly Raised Bill No. 1529, aims to provide relief to individuals in the town of Canton who missed the deadline to file for a 2023 grand list property tax exemption. Specifically, it allows these individuals to be considered as having filed on time if they submit the required statement within thirty days of the bill's effective date, along with the payment of a late filing fee. Upon verification of eligibility, the town will approve the exemption and reimburse any taxes, interest, or penalties paid that exceed the amount due had the statement been filed timely.

Additionally, the bill permits the town of Trumbull to defer the implementation of its real property revaluation scheduled for October 1, 2025, until the following year, October 1, 2026, contingent upon approval from the town's legislative body. This deferral is allowed despite existing statutes or local regulations. The bill introduces new sections to the law, effective July 1, 2025, and from the date of passage, to facilitate these changes.