Assembly Bill A6329

2015-2016 Legislative Session

Increases the value of homesteads which are to be exempt from civil judgments

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A6329 (ACTIVE) - Details

See Senate Version of this Bill:
S1588
Current Committee:
Assembly Codes
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd ยง5206, CPLR
Versions Introduced in Other Legislative Sessions:
2009-2010: S2161
2011-2012: S1965
2013-2014: S3198
2017-2018: A6296, S3244
2019-2020: A6190, S4504
2021-2022: A4502, S5040
2023-2024: S6007

2015-A6329 (ACTIVE) - Summary

Increases the value of homesteads which are exempt from civil judgements from one hundred fifty thousand to two hundred fifty thousand dollars.

2015-A6329 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6329

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 20, 2015
                               ___________

Introduced by M. of A. WALKER -- read once and referred to the Committee
  on Codes

AN  ACT  to  amend  the  civil  practice  law  and rules, in relation to
  increasing the value of homesteads which are to be exempt  from  civil
  judgments

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivisions (a), (d) and (e) of section 5206 of the  civil
practice  law  and rules, as amended by chapter 568 of the laws of 2010,
are amended to read as follows:
  (a) Exemption of homestead. Property of one of  the  following  types,
not  exceeding [one] TWO hundred fifty thousand dollars for the counties
of Kings, Queens, New York, Bronx, Richmond, Nassau, Suffolk,  Rockland,
Westchester and Putnam; one hundred twenty-five thousand dollars for the
counties of Dutchess, Albany, Columbia, Orange, Saratoga and Ulster; and
seventy-five thousand dollars for the remaining counties of the state in
value  above  liens  and encumbrances, owned and occupied as a principal
residence, is exempt from application to the  satisfaction  of  a  money
judgment,  unless  the  judgment  was  recovered wholly for the purchase
price thereof:
  1. a lot of land with a dwelling thereon,
  2. shares of stock in a cooperative apartment corporation,
  3. units of a condominium apartment, or
  4. a mobile home.
  But no exempt homestead shall be exempt from taxation or from sale for
non-payment of taxes or assessments.
  (d) Exemption of homestead exceeding [one] TWO hundred fifty  thousand
dollars  in  value  for  the counties of Kings, Queens, New York, Bronx,
Richmond, Nassau, Suffolk, Rockland, Westchester and Putnam; one hundred
twenty-five thousand dollars  for  the  counties  of  Dutchess,  Albany,
Columbia, Orange, Saratoga and Ulster; and seventy-five thousand dollars

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06844-01-5
              

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