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Senate committee amends homestead-exemption bill, increases single‑person cap and removes 'married couple' language
Summary
The Senate Ways and Means Committee amended HB 617 to raise the single-person homestead exemption from $250,000 to $350,000, allow combined exemptions up to $500,000 for persons with an interest in the property, and remove language limited to 'married couple.' The committee voted the amended bill out on consent.
The Senate Ways and Means Committee on Wednesday amended House Bill 617 to change the homestead exemption structure, raising the exemption for a single person, removing language specific to married couples and allowing total exemptions for all persons with an interest in property to total no more than $500,000.
Senator Lang explained the committee compromise and proposed amendment changes, saying members wanted to modernize the statute and…
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