States / New York / A 7940

A 7940 In Committee

Relates to the motor vehicle exemption and the homestead exemption for certain money judgments and bankruptcy proceedings

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Relates to the calculation of the homestead exemption amount; relates to the indexing of the homestead exemption for housing value changes; increases the amount of the motor vehicle exemption; limits the homestead exemption available to bankruptcy debtors to one exemption per household; increases the motor vehicle exemption available in bankruptcy proceedings.

Chamber
House
Introduced
Apr 16, 2025
Last action
Feb 25, 2026 — REPORTED REFERRED TO WAYS AND MEANS
Session
2025-2026
Momentum
27 · Low