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CT HB05391

Bill

Official Source

Status

Introduced

2/27/2020

Primary Sponsor

Judiciary Committee

Click for details

Origin

House of Representatives

2020 General Assembly

AI Summary

  • Increases homestead exemption from $75,000 to $250,000 ($75,000 for sexual abuse/exploitation/assault cases), effective October 1, 2020
  • Increases motor vehicle exemption from $3,500 to $7,000 in fair market value
  • Adds cash surrender value of life insurance policies as exempt property, unless assigned to creditor or purchased with intent to defraud
  • Renumbers and reorganizes property exemptions under Connecticut General Statutes Section 52-352b, converting lettered subsections to numbered subdivisions
  • Clarifies that funds deposited in accounts established for public assistance or Title IV-D child support payments are exempt from garnishment

Legislative Description

An Act Concerning Property That Is Exempt From A Judgment Creditor.

Last Action

Referred to Joint Committee on Judiciary

2/27/2020

Committee Referrals

Judiciary2/27/2020

Full Bill Text

No bill text available