Bill

Bill > H938


MA H938

Increasing the declared homestead exemption


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to increase the declared homestead exemption. The Judiciary.

AI Summary

This bill proposes to increase the declared homestead exemption from $500,000 to $750,000 in Massachusetts. The homestead exemption is a legal provision that protects a certain amount of a homeowner's equity from being seized by creditors or the government. By increasing this exemption, the bill aims to provide greater financial protection for homeowners in the state.

Committee Categories

Justice

Sponsors (12)

Last Action

Accompanied a study order, see H4874 (on 08/09/2018)

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