Property Tax Relief for the Elderly Act

[AI summary unavailable — showing source text] Property Tax Relief for the Elderly Act - Provides that if the Secretary of the Treasury determines that a jurisdiction has established a qualifying real property tax relief program for low-and moderate-income individuals who have attained age 65, he shall reimburse such jurisdiction for one-half of the revenue losses attributable to such program. Authorizes to be appropriated such sums as may be necessary to carry out the purposes of this Act.…