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Bill > S04504


NY S04504

NY S04504
Increases the value of homesteads which are exempt from civil judgments from one hundred fifty thousand to two hundred fifty thousand dollars.


summary

Introduced
03/13/2019
In Committee
03/03/2020
Crossed Over
06/19/2019
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

AN ACT to amend the civil practice law and rules, in relation to increasing the value of homesteads which are to be exempt from civil judgments The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill increases the value of homesteads that are exempt from civil judgments from $150,000 to $250,000 for the counties of Kings, Queens, New York, Bronx, Richmond, Nassau, Suffolk, Rockland, Westchester, and Putnam. It also sets the exemption limit at $125,000 for the counties of Dutchess, Albany, Columbia, Orange, Saratoga, and Ulster, and $75,000 for the remaining counties in the state. The bill amends the Civil Practice Law and Rules to reflect these changes, which will take effect immediately upon passage.

Committee Categories

Housing and Urban Affairs, Justice

Sponsors (1)

Last Action

referred to codes (on 03/03/2020)

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