The proposed bill, Substitute Senate Bill No. 1529, aims to provide relief to property owners in the towns of Berlin, Canton, New Haven, and Newington who missed the filing deadline for certain grand list exemptions in 2022, 2023, and 2024. Specifically, it allows these individuals to be considered as having filed their exemption statements on time if they submit them within thirty days of the bill's effective date and pay a late filing fee. Upon verification of eligibility, the respective assessors will approve the exemptions, and if any taxes, interest, or penalties have been paid, the municipalities will reimburse the individuals for the excess amounts.

Additionally, the bill authorizes the town of Trumbull to defer the implementation of its real property revaluation from October 1, 2025, to October 1, 2026, contingent upon approval from the town's legislative body. This deferral will allow Trumbull to manage its assessment schedule without immediate fiscal impacts, which will instead be shifted to the following fiscal year. The bill is set to take effect on July 1, 2025, for the exemption provisions, while the deferral provision will take effect upon passage.