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Committee advances bill to let married homeowners each claim $175,000 homestead exemption
Summary
The Senate Local Government and Taxation Committee voted to send House Bill 282 to the fourteenth order for possible amendment after hearing that the bill would allow married owners to each claim the $175,000 homestead exemption and asked to remove a separate bankruptcy-related change.
The Senate Local Government and Taxation Committee voted to send House Bill 282 to the fourteenth order of business for possible amendment after hearing testimony that the bill would let married homeowners each claim a $175,000 homestead exemption.
Representative Lance Clow, District 25 of Twin Falls, introduced the bill and said it concerns the homestead exemption — a statutory protection that shields a portion of a homeowner’s equity from involuntary liens — rather than a tax exemption. “This is a homeowner’s homestead exemption that protects your home from involuntary liens,” Clow said.
Alexandra Cavall, a lawyer from District 24 who described herself as a bankruptcy…
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