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AL HB336

Bill

Official Source

Status

Introduced

2/21/2013

Primary Sponsor

Steve Clouse

Click for details

Origin

House of Representatives

Regular Session 2013

AI Summary

  • Increases the homestead exemption value from $5,000 to $10,000 for an individual under Alabama Code Section 6-10-2.

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

  • Maintains the existing 160-acre land area limit for homestead exemptions.

  • Applies the exemption to protection against levy and sale under execution or other debt collection processes.

  • Becomes 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

5/7/2013

Committee Referrals

Financial Services2/21/2013

Full Bill Text

No bill text available