HCS/HB 1527 - Currently any motor vehicle less than $3,000 in value is exempt from execution or attachment. This act requires that all motor vehicles owned by a debtor be considered together and only their aggregate value less than $3,000 shall be exempt. Currently, a mobile home used as a principal residence that is not on or attached to real property in which the debtor has an interest is exempt up to $5,000. This act makes mobile homes on but not attached to the real property fall under the mobile home exemption. The exemption for local public assistance benefits is broadened to include all public assistance benefits. The age for dependents included in the head of household exemption calculation is raised from eighteen to twenty-one. This act is similar to SB 683 (2012) and is similar to provisions contained in HCS/HB 1256 (2012), HCS/SB 628 (2012) & HCS/SB 636 (2012).
MIKE HAMMANN