summary
Introduced
03/30/2023
03/30/2023
In Committee
03/30/2023
03/30/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to homestead protection. The Judiciary.
AI Summary
This bill seeks to increase the protection of homestead in Massachusetts. It amends the existing law by increasing the homestead exemption from $125,000 to $250,000. It also modifies the definition of "declared homestead exemption" to allow for a higher exemption amount of up to $1,000,000 for joint tenants, tenants by the entirety, tenants in common, or trust beneficiaries who reside in the home as their principal residence. The bill aims to provide more financial protection for homeowners in the state.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see H4517 (on 06/05/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H3590 |
| BillText | https://malegislature.gov/Bills/193/H3590.pdf |
Loading...