Bill > SB115

This bill updates Hawaii's laws regarding real property exemptions from attachment or execution, primarily by increasing the exemption amount from $30,000 to $90,000 for heads of families or individuals 65 and older, and from $20,000 to $90,000 for other individuals. The bill modernizes the definition of "head of a family" by using gender-neutral and more inclusive language, replacing terms like "husband" and "wife" with "spouse" and "brother or sister" with "sibling". The legislation also updates terminology to reflect contemporary family structures, expanding the definition to include various family relationships and caregiving scenarios. The bill acknowledges that the property exemption amount has not been adjusted since 1978, during which time inflation has risen by approximately 300%, and aims to bring the exemption values more in line with current real estate valuations. The changes will take effect on July 1, 2025, and will apply to property exemption claims made on or after that date, ensuring that existing creditor rights are not impaired by the new valuation standards.

Budget and Finance, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=115&year=2026