HB696 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Homestead exemption, increased for protection against confiscation of a homestead for debts, Sec. 6-10-2 am'd.
Description
Under existing law, the value of the homestead exemption in Alabama for protection against confiscation of a homestead for debts is limited to 160 acres and $10,000 for a married couple and $5,000 for an individual.
This bill would increase the homestead exemption.
To amend Section 6-10-2 of the Code of Alabama 1975, relating to homestead exemption, to increase the homestead exemption for protection against confiscation of a homestead for debts to $150,000 for a married couple and $75,000 for an individual.
Subjects
Homestead Exemption
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 14, 2010 | Indefinitely Postponed | |
| April 8, 2010 | Read for the second time and placed on the calendar | |
| March 9, 2010 | Read for the first time and referred to the House of Representatives committee on Government Appropriations |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB696 Alabama 2010 Session - Introduced |
Source: Alabama Legislature