The proposed bill aims to enhance affordability for Connecticut residents by implementing several tax-related changes. Key provisions include exempting clothing priced under one hundred dollars, school supplies, and appliances from sales and use taxes. Additionally, the bill seeks to eliminate the extra one percent sales tax on meals sold by grocery stores. It also introduces a voluntary employer payroll tax alongside a personal income tax credit for employees of participating employers, and increases the maximum allowable credit against personal income tax for a person's primary residence or motor vehicle.

Furthermore, the bill establishes new tax credits aimed at supporting families, including a credit for expenses related to the care of elderly or disabled family members and a credit for rental payments made by taxpayers earning seventy-five thousand dollars or less for their primary residence. These changes are designed to lower the overall tax burden on Connecticut residents, thereby improving affordability across the state.