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ID S1118

Bill

Official Source

Status

Introduced

2/27/2023

Primary Sponsor

State Affairs Committee

Click for details

Origin

Senate

2023 Regular Session

AI Summary

  • Increases the homestead exemption limit from $175,000 to $250,000 in Idaho Code Section 55-1003
  • Homesteads may still consist of any size land area, but the exemption amount protecting property from debt collection cannot exceed $250,000
  • Declares an emergency provision for the bill
  • Takes effect on July 1, 2023

Legislative Description

Amends existing law to increase the value of the homestead that is exempt from debt collection.

DEBTORS

Last Action

Retained on calendar

3/29/2023

Committee Referrals

Judiciary and Rules2/27/2023

Full Bill Text

No bill text available