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House approves modest increase to homestead exemption, 69–0
Summary
The Utah House passed H.B. 153 to raise the homestead exemption for individuals from $30,000 to $45,000, a 50% increase sponsors said responds to rising home values since 2012; the vote was 69–0 and the bill moves to the Senate.
The Utah House on Feb. 20 approved H.B. 153, the Homestead Exemption Amendments, increasing the protected homestead amount for a single claimant from $30,000 to $45,000. Representative Stratton, sponsor of the bill, said the change is a conservative first step to reflect housing-price growth since the last adjustment in 2012.
"This bill simply does, it proposes a 50% increase from 30,000 to 45,000 for a single individual,"…
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