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FL H0825
Bill
Status
Failed
6/16/2025
Primary Sponsor
Kevin Steele
Click for details
AI Summary
- Amends s. 222.22, F.S., to exempt moneys paid into or out of, assets of, and income of homeowner savings plans from attachment, levy, garnishment, or other legal process in Florida
- Defines "homeowner savings plan" as a plan used by a homestead property owner to reduce taxable income based on the property's value, with savings directed back into the plan for homeownership-related expenses
- The homeowner savings plan exemption takes effect only if and when the federal government provides tax-exempt or tax-deferred status to such plans
- Exempts moneys, assets, and income of qualified home disaster mitigation and recovery expenses accounts (established under the Internal Revenue Code of 1986) from attachment, levy, garnishment, or legal process in Florida
- Effective date is July 1, 2025
Legislative Description
Exemption of Assets
Last Action
Died in Civil Justice & Claims Subcommittee
6/16/2025
Committee Referrals
Civil Justice and Claims Subcommittee2/26/2025
Full Bill Text
No bill text available