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AZ HB2698
Bill
Status
3/26/2010
Primary Sponsor
Kyrsten Sinema
Click for details
AI Summary
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Amends Arizona Revised Statutes § 33-1126 regarding personal property exemptions from execution, attachment, or court-ordered sale.
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Clarifies exemption language for annuity contracts to specify that beneficiaries can include "the debtor's surviving spouse" and lists dependent family members.
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Makes technical corrections to retirement plan exemption language under subsection B, specifying exemptions for accounts under Internal Revenue Code sections 401(k), 403(a), 403(b), 408, 408A, and 409.
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Maintains existing exemptions for life insurance cash surrender value, annuity contracts, child support/spousal maintenance payments, disability insurance proceeds, and damage claims for wrongfully seized exempt property.
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Does not affect exemptions from child support arrearages or child support debt orders.
Legislative Description
Homestead exemption; limit; retirement accounts
Last Action
Referred to Senate FIN Committee
3/30/2010