AN ACT CONCERNING DECLARATIONS OF PERSONAL PROPERTY AND PROPERTY TAX BILLS.

SB 698 requires municipalities to notify owners of income-producing property (like rental properties or commercial buildings) when they fail to file a required personal property declaration on time. It also mandates that property tax bills include a clear breakdown of the taxes owed and any penalties applied. This bill directly affects property owners who haven’t filed declarations and the municipalities that issue tax bills. The goal is to improve transparency about tax obligations without changing tax rates or penalties.