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CT HB06466
Bill
Status
7/12/2021
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
HB 6466 Summary
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Increases homestead exemption from $75,000 to $250,000 for most judgments, while reducing it to $75,000 specifically for judgments arising from sexual abuse, exploitation of minors, or sexual assault claims (effective October 1, 2021).
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Raises motor vehicle exemption from one vehicle valued at $3,500 to two vehicles valued up to $7,000 in the aggregate, with value determined as fair market value minus liens and security interests.
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Expands general property exemption from $1,000 to $1,000 and increases life insurance exemptions from $4,000 to $4,000 in accrued dividends or loan value.
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Reorganizes and renumbers exemptions in Connecticut General Statutes Section 52-352b from lettered subsections to numbered subdivisions for improved clarity.
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Clarifies that public assistance and Title IV-D child support payments deposited in dedicated accounts are exempt from garnishment and judgment creditor claims.
Legislative Description
An Act Concerning Property That Is Exempt From A Judgment Creditor.
Last Action
Signed by the Governor
7/12/2021