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House approves rewrite of homestead-exemption law, expanding protections to IRAs
Utah House of Representatives · February 7, 1997
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Summary
The House approved a second substitute to HB198 to clarify the homestead exemption (primary residence test), raise the exemption to $30,000 and add IRAs to exempt property; the bill passed the House 71–0 and was sent to the Senate.
The Utah House approved a second substitute to House Bill 198 that updates the state's homestead-exemption statute, clarifies the primary-residence test and adds individual retirement accounts (IRAs) to exempt personal property.
Representative Valentine, sponsor of the second substitute, told the chamber the changes…
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