Bill
Bill > S05040
NY S05040
NY S05040Increases the value of homesteads which are exempt from civil judgments from one hundred fifty thousand to two hundred fifty thousand dollars.
summary
Introduced
02/22/2021
02/22/2021
In Committee
06/01/2022
06/01/2022
Crossed Over
06/01/2022
06/01/2022
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 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
AI Summary
This bill amends the Civil Practice Law and Rules to increase 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; from $125,000 to $250,000 for the counties of Dutchess, Albany, Columbia, Orange, Saratoga, and Ulster; and from $75,000 to $250,000 for the remaining counties in New York. The bill also makes corresponding changes to the provisions related to the exemption and sale of homesteads exceeding these new higher values.
Committee Categories
Housing and Urban Affairs, Justice
Sponsors (1)
Last Action
referred to codes (on 06/01/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5040 | 02/23/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05040&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05040 | 02/23/2021 |
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