AL HB96

Increases the homestead exemption from $15,000 to $56,400 for Alabama residents who are 62 years of age or older or have a disability

Standard homestead exemption remains at $15,000 for residents under 62 without a disability, with property size limit of 160 acres

Establishes that bankruptcy exemption amounts are determined by the law in effect on the date the bankruptcy petition is filed, not when the debt was created

Defines acceptable proof of disability as determination letters from armed services, government agencies, private insurers, workers compensation agreements, or sworn affidavits from two licensed physicians

Effective date: June 1, 2026