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MO HB1527
Bill
Status
7/9/2012
Primary Sponsor
Kevin Elmer
Click for details
AI Summary
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Increases exemption for household furnishings, goods, and personal items from unspecified amount to $3,000 in aggregate value.
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Raises wedding ring exemption to $1,500 and other jewelry exemption to $500 in aggregate value for personal or family use.
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Modifies motor vehicle exemption to clarify it applies to multiple vehicles not exceeding $3,000 in aggregate value.
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Expands dependent age limit for family head exemptions from 18 to 21 years old, or if determined disabled by Social Security Administration.
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Clarifies Roth IRA (Section 408A) accounts are not exempt from child support or maintenance payments despite other retirement plan protections.
Legislative Description
Changes the laws regarding property exempt from attachment
Last Action
Delivered to Secretary of State (G)
7/9/2012