Yes in fact it does. There are 3 major differences. I accidentally purchased an LCD replacement thinking there wasn't. Don't make the same mistake.
1) There is a black power antenna down the left side of the L720 phone that rides under the ribbon cable connecting the 2 boards. This power antenna is not there on the L720T. The corresponding boards are modified to reflect this.
2) The ribbon cable assembly that goes from the power input / home-back button daughter board is a long cable that sits on the left side of the phone. This same cable previously covers the black power antenna. There is a large connector that attaches to the mainboard at the very end. Just below that connector is another smaller one that connects to the LCD / Digitizer on the L720 model. On the L720T model the connector is much much closer to the power input board.
3) The LCD / Digitizer on the L720 is a very long cable exiting the assembly freely toward the bottom which has to feed through the frame to reach that connector referenced in #2. As a result, the L720T LCD / Digitizer also had to adjust thus having a super short cable (that also feeds through the frame) but makes the connection much lower on the ribbon cable below it.
Boards are marked in white silkscreen differentiating the models so this information is 100% FACT not just educated guesswork. HOWEVER - both digitizers are fully compatible with one another EXCEPT the home/back buttons will not be able to be connected. So if you just need an operational digitizer and cant find the right one, they will at least work to a degree. To get around the pesky problem of not being able to hit those buttons one can find his or her USB micro data cable (not the charging cable), download the Windows ADB drivers, download your Samsung S4 drivers, and use google's VYSOR to cast your screen. Because the digitizer works you can enable Developer Mode, & then turn on USB debugging, and accept the control connection security prompt (this is just a confirmation of connection prompt) and then you can use them in tandem to get critical data.