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AL HB179

Bill

Official Source

Status

Introduced

2/7/2012

Primary Sponsor

Steve Clouse

Click for details

Origin

House of Representatives

Regular Session 2012

AI Summary

  • Increases Alabama homestead exemption from $5,000 to $10,000 for individuals, protecting primary residences from debt collection.
  • Increases homestead exemption from $10,000 to $20,000 for married couples who jointly own a homestead.
  • Maintains the existing 160-acre land area limit for the homestead exemption.
  • Applies to all Alabama residents claiming exemption on their principal place of residence, including mobile homes and similar dwellings.
  • Takes effect on the first day of the third month following passage and gubernatorial approval.

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

5/9/2012

Committee Referrals

Financial Services2/7/2012

Full Bill Text

No bill text available