Committee on Budget
Author
Existing law provides that a specified portion of equity in a homestead, as defined, is exempt from execution to satisfy a judgment debt and prescribes that the amount of the homestead exemption is either $75,000, $100,000, or $175,000, depending on certain characteristics of the homestead's residents. This bill would instead make the homestead exemption the greater of $300,000 or the countywide median sale price of a single-family home in the calendar year prior to the calendar year in which the judgment debtor claims the exemption, not to exceed $600,000. These amounts would adjust annually for inflation.
Chaptered by Secretary of State - Chapter 94, Statutes of 2020.
Approved by the Governor.
Enrolled and presented to the Governor at 3 p.m.
Read third time. Passed. Ordered to the Assembly. (Ayes 32. Noes 2.).
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 59. Noes 10. Page 5476.).
In Assembly. Concurrence in Senate amendments pending.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 13. Noes 5.) (August 29).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 60. Noes 14. Page 4873.)
Read second time. Ordered to third reading.
Ordered to second reading.
Withdrawn from committee.
Assembly Rule 96 suspended. (Ayes 57. Noes 15. Page 4273.)
From committee chair, with author's amendments: Amend, and re-refer to Com. on BUDGET. Read second time and amended.
From printer. May be heard in committee February 7.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1885 | HTML |
| 01/07/20 - Introduced | |
| 02/25/20 - Amended Assembly | |
| 08/28/20 - Amended Senate | |
| 09/04/20 - Enrolled | |
| 09/18/20 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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