summary
Introduced
02/02/2021
02/02/2021
In Committee
04/01/2021
04/01/2021
Crossed Over
03/02/2021
03/02/2021
Passed
04/26/2021
04/26/2021
Dead
Signed/Enacted/Adopted
05/12/2021
05/12/2021
Introduced Session
2021-2022 Regular Session
Bill Summary
AN ACT Relating to the homestead exemption; amending RCW 6.13.010, 6.13.030, 6.13.060, 6.13.070, 6.13.080, and 61.24.100; creating a new section; and declaring an emergency.
AI Summary
This bill amends the homestead exemption laws in Washington state. It increases the homestead exemption amount to the greater of $125,000, the county median sale price of a single-family home in the preceding year, or an unlimited amount if the homestead is subject to execution for failure to pay state income tax. The bill also clarifies that the exemption applies to a homeowner's dependent, not just the owner, and that a dependent's signature is not required to convey or encumber the homestead. Additionally, the bill provides that in a bankruptcy case, the debtor's entire exempt interest in the homestead property is protected, including any appreciation in value during the bankruptcy proceedings.
Committee Categories
Budget and Finance, Justice
Sponsors (12)
Derek Stanford (D)*,
Mona Das (D),
Manka Dhingra (D),
Bob Hasegawa (D),
Patty Kuderer (D),
Liz Lovelett (D),
Joe Nguyen (D),
Emily Randall (D),
June Robinson (D),
Christine Rolfes (D),
Rebecca Saldaña (D),
Lisa Wellman (D),
Last Action
Effective date 5/12/2021. (on 05/12/2021)
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