Legislative Document 1, "An Act To Increase the State Share of Education Costs, Reduce Property Taxes and Reduce Government Spending at All Levels," which was signed into law as Public Law 2005, chapter 2, increased the Maine resident homestead property tax exemption amount to $13,000 per permanent homestead but only provided 50% reimbursement to municipalities for the decreased property tax revenue.

This bill instead increases the reimbursement to municipalities to 100%.