‘Sec. 1. 36 MRSA §653, sub-§1, ¶L is enacted to read:
L. Beginning with property tax years based on the status of property on April 1, 2010, the State Tax Assessor shall annually increase by 5% the exemption amount for the previous year under paragraphs C and D. The assessor shall notify municipalities and the joint standing committee of the Legislature having jurisdiction over taxation matters annually of the adjusted amount.’