HB 3004 Summary

• Amends 31 O.S. 2011, Section 1 to modify property exempt from attachment or execution for debt payment in Oklahoma.

• Changes gun exemption from a $2,000 aggregate dollar limit to an exemption for three guns held primarily for personal, family, or household use, provided guns are not used mainly as investments.

• Adds exemption for one thousand rounds of ammunition for each of the three exempt guns.

• Clarifies that exemptions do not apply to guns used mainly as investments or for nonpersonal uses.

• Becomes effective November 1, 2016.