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A07940Introduced in the Assembly

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.

IntroducedAssembly Ways and Means

Introduced by Harry Bronson, District 138

What does this bill do?

Plain-English breakdown

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Official description

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.

Where it stands

reported referred to ways and means

February 25, 2026

How did lawmakers vote?

AssemblyStage: Assembly Codes Committee: Favorable refer to committee Ways and Means · February 25, 2026

17

Yes

2

No

3

Absent or Not Voting

22 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

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See how each assemblymember voted

Bill history

  1. referred to codes

  2. referred to codes

  3. reported referred to ways and means

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