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Committee advances bill to allow condo assessments to overcome homestead exemption
Summary
The House Civil Law and Procedure Committee voted to report HB 343 favorably after testimony that current homestead exemption rules can shield delinquent condominium owners and shift costs to other unit owners.
Representative Davis asked the committee to consider HB 343, a bill prompted by constituent testimony that seeks to treat unpaid condominium association assessments as part of the homestead exemption exceptions currently codified in Title 20.
The committee heard detailed testimony from condominium owner and board treasurer Steve Bradshaw, who described a situation at Village Tremont where one unit owner owed about $40,000 in unpaid HOA fees. He said the…
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