CA AB929

Increases dollar amounts for debtor exemptions including motor vehicles ($4,800), jewelry ($1,425), and professional books/tools of trade ($7,175)

Requires the Judicial Council to submit proposed adjustments to homestead exemptions to the Legislature every 3 years beginning April 1, 2013, based on changes in the California Consumer Price Index, rounded to the nearest $25

Increases homestead exemptions to $175,000 for persons 55 years of age or older with gross annual income not exceeding $25,000 (or $35,000 if married) when facing involuntary sale

Establishes that exemptions in federal bankruptcy cases apply regardless of whether a money judgment is being enforced

Applies exemption adjustments only to cases commenced on or after the adjustment date, subject to federal Bankruptcy Code provisions