AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The law amends the state tax code so that several municipalities can, by ordinance, give property tax relief to residents 65 years or older. Each town or city has a specific dollar cap on the exemption or credit, and the relief is added to any other exemptions the homeowner may have. The measure applies uniformly, limits one exemption per co‑owners, and takes effect immediately.

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