Veterans

HB 1520 increases exemption limits for certain property debtors can protect from creditors in Maryland. It raises the household goods exemption from $1,000 to $5,000 (to $10,000 for disabled veterans) and increases the motor vehicle exemption to $25,000 for elderly or disabled debtors (up from $10,000). The bill also maintains existing exemptions for tools of trade ($5,000), firearms ($3,000), and professional items. These changes apply to debtors facing judgment enforcement or bankruptcy proceedings under Maryland law. The bill does not alter other existing exemptions like child support or retirement funds.

HB 844 exempts unemployable disabled veterans with service-connected disabilities from Maryland's vehicle registration fees for one personally used vehicle. The bill amends Maryland's vehicle registration code to add a new exemption category (Section 13-903(a)(11)) specifically for veterans deemed unemployable due to a service-connected disability. This change directly affects qualifying veterans who own or lease a vehicle for personal use, removing a recurring cost. The exemption takes effect October 1, 2026, and does not apply to additional vehicles. The bill replaces the previous exemption for veterans with specific physical disabilities under Section 13-903(a)(8).