Bill
Bill > S1118
ID S1118
ID S1118Amends existing law to increase the value of the homestead that is exempt from debt collection.
summary
Introduced
02/27/2023
02/27/2023
In Committee
03/08/2023
03/08/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
DEBTORS -- Amends existing law to increase the value of the homestead that is exempt from debt collection.
AI Summary
This bill amends existing Idaho law to increase the value of the homestead that is exempt from debt collection. Specifically, it raises the homestead exemption amount from $175,000 to $250,000. The homestead is the primary residence of a person, and this change will allow individuals to protect more of the value of their home from being seized by creditors during debt collection proceedings.
Committee Categories
Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Affairs Committee (Senate)
Last Action
Retained on calendar (on 03/29/2023)
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/2023/legislation/S1118/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1118.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1118SOP.pdf |
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