SECTION 1. Chapter 59 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by inserting after section 5N the following new section:-
Section 5O. For the purposes of taxation, a trustee of a trust shall, if the disposition of a real property interest of the trust is less than its fair cash valuation, pay to a city or town the amount of the real property tax on any such disposition for the assessed fair cash valuation of such real property according to section 38.
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