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CT SB00761

Bill

Status

Introduced

1/17/2025

Primary Sponsor

Saud Anwar

Click for details

Origin

Senate

2025 General Assembly

AI Summary

  • Increases Connecticut's homestead exemption from $250,000 to $500,000 by amending section 52-352b of the general statutes

  • Homestead exemption protects a portion of a homeowner's equity from creditors during bankruptcy or debt collection proceedings

  • Doubles the amount of home equity that Connecticut residents can shield from seizure to satisfy debts

  • Introduced by Senator Anwar (3rd District) and referred to the Judiciary Committee

Legislative Description

An Act Increasing The Amount Of The Homestead Exemption.

Last Action

Referred to Joint Committee on Judiciary

1/17/2025

Committee Referrals

Judiciary1/17/2025

Full Bill Text

No bill text available