Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2022 |
referred to codes delivered to assembly passed senate |
May 25, 2022 |
ordered to third reading cal.1532 committee discharged and committed to rules |
Jan 05, 2022 |
referred to judiciary returned to senate died in assembly |
Mar 22, 2021 |
referred to codes delivered to assembly passed senate |
Mar 11, 2021 |
advanced to third reading |
Mar 10, 2021 |
2nd report cal. |
Mar 09, 2021 |
1st report cal.529 |
Feb 22, 2021 |
referred to judiciary |
Senate Bill S5040
2021-2022 Legislative Session
Sponsored By
(D, WF) 21st Senate District
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
Actions
Votes
2021-S5040 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7820
- Current Committee:
- Assembly Codes
- Law Section:
- Civil Practice Law and Rules
- Laws Affected:
- Amd §5206, CPLR
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2161
2011-2012: S1965
2013-2014: S3198
2015-2016: S1588
2017-2018: S3244
2019-2020: S4504
2023-2024: S6007, A1069
2021-S5040 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5040 SPONSOR: PARKER TITLE OF BILL: 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 PURPOSE: This bill would amend the Civil Practice Law and Rules, in relation to increasing the value of the homestead exemption for civil judgments. SUMMARY OF PROVISIONS: This bill would amend Section 5206 of the Civil Practice Law and Rules to increase the homestead exemption amount from civil judgments in New York State from $50,000 to $250,000.
2021-S5040 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5040 2021-2022 Regular Sessions I N S E N A T E February 22, 2021 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary 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.
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