AN ACT INCREASING THE AMOUNT OF THE PROPERTY TAX EXEMPTION FOR FARM MACHINERY.

HB 6535 increases the property tax exemption for farm machinery from its current amount to $300,000 of the machinery's assessed value. This change directly affects farmers who own qualifying machinery, reducing their property tax burden on that equipment. The bill amends Section 12-91 of the general statutes to set the new exemption cap at $300,000. The policy change provides a concrete tax benefit for agricultural equipment without altering other tax rules.