The proposed bill, General Assembly Proposed Bill No. 56, aims to amend section 12-701 of the general statutes to introduce a personal income tax deduction for taxpayers. Specifically, the bill allows taxpayers to deduct the total amount of public benefit charges they pay on their utility bills during a taxable year. This change is intended to provide financial relief to taxpayers by reducing their taxable income based on these specific utility-related charges.

The bill does not indicate any deletions from current law but focuses solely on the insertion of the new tax deduction provision. The purpose of this legislation is to alleviate some of the financial burdens associated with utility costs by enabling taxpayers to claim these public benefit charges as a deduction on their income tax returns.