SECTION 1. Section 5 of chapter 59 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by inserting at the end thereof the following new clause:-
Fifty-ninth. Notwithstanding the provisions of any other general or special law to the contrary, the Board of Assessors, in any town or city in the commonwealth, may develop a process which will allow property owners, 75 years of age and older, to have their real estate property taxes limited to that annual amount which was levied in the year in which they turned 75 or in that year in which this act shall take effect, whichever comes later, provided that such real estate is owned and occupied by such older person, and provided further, that no real estate shall be so exempt which the assessors shall adjudge has been conveyed to such older person to evade taxation.
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