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AL HB375

Bill

Official Source

Status

Introduced

1/21/2010

Primary Sponsor

Steve Clouse

Click for details

Origin

House of Representatives

Regular Session 2010

AI Summary

  • Amends Section 6-10-2 of the Code of Alabama 1975 to increase homestead exemption values for protection against debt confiscation.

  • Increases homestead exemption from $5,000 to $10,000 for an individual.

  • Increases homestead exemption from $10,000 to $20,000 for a married couple.

  • Homestead area limitation remains at 160 acres.

  • Effective on the first day of the third month following passage and approval by the Governor.

Legislative Description

Homestead exemption, increased for protection against confiscation of a homestead for debts, Sec. 6-10-2 am'd.

Homestead Exemption

Last Action

Indefinitely Postponed

4/14/2010

Committee Referrals

Banking and Insurance1/21/2010

Full Bill Text

No bill text available