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MO HB1159

Bill

Official Source

Status

Introduced

1/5/2012

Primary Sponsor

Sheila Solon

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Establishes the "Senior's Retirement Protection Act" as a new section 513.432 of Missouri law
  • Provides homestead exemption from attachment or execution up to $125,000 for persons age 62 or older and their spouses for their primary residence
  • Exemption applies only to the home that serves as the person's primary residence
  • If multiple homeowners claim the exemption, the aggregate exemption cannot exceed the total allowed under this section

Legislative Description

Establishes the Senior's Retirement Protection Act which specifies that up to $125,000 of the value of the primary residence of certain elderly persons will be exempt from attachment or execution

Last Action

Referred: Financial Institutions (H)

3/8/2012

Committee Referrals

Financial Institutions3/8/2012

Full Bill Text

No bill text available