Bill
Bill > H0464
ID H0464
ID H0464Amends existing law to revise the value of property that debtors may exempt in debt collection activities and bankruptcy proceedings.
summary
Introduced
02/10/2020
02/10/2020
In Committee
03/09/2020
03/09/2020
Crossed Over
02/27/2020
02/27/2020
Passed
Dead
Signed/Enacted/Adopted
03/20/2020
03/20/2020
Introduced Session
2020 Regular Session
Bill Summary
DEBTORS -- Amends existing law to revise the value of property that debtors may exempt in debt collection activities and bankruptcy proceedings.
AI Summary
This bill amends existing law to increase the value of property that debtors may exempt in debt collection activities and bankruptcy proceedings. Specifically, it raises the exemption limits for household furnishings, jewelry, business equipment, motor vehicles, and other personal property. It also increases the homestead exemption from $100,000 to $175,000. The bill declares an emergency and states that the changes apply to bankruptcy petitions filed on or after the date of passage.
Committee Categories
Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Judiciary, Rules and Administration Committee (House)
Last Action
Reported Signed by Governor on March 23, 2020 Session Law Chapter 232 Effective: 03/23/2020 and shall apply to bankruptcy petitions filed on and after 03/23/2020 (on 03/20/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2020/legislation/H0464/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2020/legislation/H0464.pdf |
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