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HI HB375

Bill

Status

Engrossed

3/8/2016

Primary Sponsor

Joy San Buenaventura

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Increases real property exemption from attachment or execution from $30,000 to $275,000 fair market value for any individual, including properties under the department of Hawaiian home lands, removing prior restrictions limiting exemptions to heads of families or individuals 65 years or older.

  • Raises motor vehicle exemption from $2,575 to $15,000 fair market value over and above liens and encumbrances.

  • Updates jewelry and personal adornment exemption from a fixed $1,000 to fair market value adjusted by the most recent consumer price index.

  • Adds new exemption for one month of combined child support and spousal support funds in the debtor's possession, even if comingled with other funds in a financial account.

  • Restricts all exemptions so they do not apply to debtors delinquent on income taxes, real property taxes, or mortgage payments.

Legislative Description

Attachment or Execution of Property; Exemptions

Last Action

Referred to CPH, JDL.

3/10/2016

Committee Referrals

Commerce, Consumer Protection, and Health3/10/2016
Judiciary2/20/2015
Consumer Protection & Commerce1/26/2015

Full Bill Text

No bill text available