2025-2026 Regular Session • New York Legislature
A07940
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
4/16/2025
referred to codes
Assembly
Status Information
Current Status
Introduced(4/16/2025)
Chamber
Assembly
Committee
Codes(Assembly)
Sponsors
Democrat: 1
Primary Sponsor
Harry Bronson
Democrat