Senate Bill S6007

2023-2024 Legislative Session

Increases the value of homesteads which are to be exempt from civil judgments

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Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2023-S6007 - Details

See Assembly Version of this Bill:
A1069
Current Committee:
Assembly Codes
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd §5206, CPLR
Versions Introduced in Other Legislative Sessions:
2009-2010: S2161
2011-2012: S1965
2013-2014: S3198
2015-2016: S1588
2017-2018: S3244
2019-2020: S4504
2021-2022: S5040, A7820

2023-S6007 - Summary

Increases the value of homesteads which are exempt from civil judgments from one hundred fifty thousand to two hundred fifty thousand dollars.

2023-S6007 - Sponsor Memo

2023-S6007 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6007
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              March 27, 2023
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Judiciary
 
 AN ACT to amend the  civil  practice  law  and  rules,  in  relation  to
   increasing  the  value of homesteads which are to be exempt from civil
   judgments

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivisions (a), (d) and (e) of section 5206 of the civil
 practice law and rules, as amended by chapter 568 of the laws  of  2010,
 are amended to read as follows:
   (a)  Exemption  of  homestead. Property of one of the following types,
 not exceeding [one] TWO hundred fifty thousand dollars for the  counties
 of  Kings, Queens, New York, Bronx, Richmond, Nassau, Suffolk, Rockland,
 Westchester and Putnam; one hundred twenty-five thousand dollars for the
 counties of Dutchess, Albany, Columbia, Orange, Saratoga and Ulster; and
 seventy-five thousand dollars for the remaining counties of the state in
 value above liens and encumbrances, owned and occupied  as  a  principal
 residence,  is  exempt  from  application to the satisfaction of a money
 judgment, unless the judgment was  recovered  wholly  for  the  purchase
 price thereof:
   1. a lot of land with a dwelling thereon,
   2. shares of stock in a cooperative apartment corporation,
   3. units of a condominium apartment, or
   4. a mobile home.
   But no exempt homestead shall be exempt from taxation or from sale for
 non-payment of taxes or assessments.
   (d)  Exemption of homestead exceeding [one] TWO hundred fifty thousand
 dollars in value for the counties of Kings,  Queens,  New  York,  Bronx,
 Richmond, Nassau, Suffolk, Rockland, Westchester and Putnam; one hundred
 twenty-five  thousand  dollars  for  the  counties  of Dutchess, Albany,
 Columbia, Orange, Saratoga and Ulster; and seventy-five thousand dollars

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04632-01-3
              

2023-S6007A (ACTIVE) - Details

See Assembly Version of this Bill:
A1069
Current Committee:
Assembly Codes
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd §5206, CPLR
Versions Introduced in Other Legislative Sessions:
2009-2010: S2161
2011-2012: S1965
2013-2014: S3198
2015-2016: S1588
2017-2018: S3244
2019-2020: S4504
2021-2022: S5040, A7820

2023-S6007A (ACTIVE) - Summary

Increases the value of homesteads which are exempt from civil judgments from one hundred fifty thousand to two hundred fifty thousand dollars.

2023-S6007A (ACTIVE) - Sponsor Memo

2023-S6007A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6007--A
     Cal. No. 143
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              March 27, 2023
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Judiciary  --  recommitted
   to the Committee on Judiciary in accordance with Senate Rule 6, sec. 8
   -- reported favorably from said committee, ordered to first and second
   report,  amended  on second report, ordered to a third reading, and to
   be reprinted as amended, retaining its place in  the  order  of  third
   reading
 
 AN  ACT  to  amend  the  civil  practice  law  and rules, in relation to
   increasing the value of homesteads which are to be exempt  from  civil
   judgments
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivisions (a), (d) and (e) of section 5206 of the  civil
 practice  law  and rules, as amended by chapter 568 of the laws of 2010,
 are amended to read as follows:
   (a) Exemption of homestead. Property of one of  the  following  types,
 not  exceeding [one] TWO hundred fifty thousand dollars for the counties
 of Kings, Queens, New York, Bronx, Richmond, Nassau, Suffolk,  Rockland,
 Westchester and Putnam; one hundred twenty-five thousand dollars for the
 counties of Dutchess, Albany, Columbia, Orange, Saratoga and Ulster; and
 seventy-five thousand dollars for the remaining counties of the state in
 value  above  liens  and encumbrances, owned and occupied as a principal
 residence, is exempt from application to the  satisfaction  of  a  money
 judgment,  unless  the  judgment  was  recovered wholly for the purchase
 price thereof:
   1. a lot of land with a dwelling thereon,
   2. shares of stock in a cooperative apartment corporation,
   3. units of a condominium apartment, or
   4. a mobile home.
   But no exempt homestead shall be exempt from taxation or from sale for
 non-payment of taxes or assessments.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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