HB179 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
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 $20,000 for a married couple and $10,000 for an individual.
Subjects
Homestead Exemption
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Indefinitely Postponed | |
| February 16, 2012 | Read for the second time and placed on the calendar | |
| February 7, 2012 | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB179 Alabama 2012 Session - Introduced |