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S00740 Summary:
| BILL NO | S00740 |
| SAME AS | SAME AS A01039 |
| SPONSOR | KENNEDY |
| COSPNSR | |
| MLTSPNSR | |
| Add S497, RPT L | |
| Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 70; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year. | |