Lowers the statute of limitations for certain actions

HB 41 proposes to reduce the time limit for filing certain lawsuits in civil court. It would shorten the statute of limitations for common claims like breach of contract, property damage, and personal injury (excluding fraud, which retains a 10-year discovery rule). This change would directly affect individuals and businesses seeking legal remedies for these issues by giving them less time to file a lawsuit. The bill is currently in committee review (referred to Emerging Issues) and has not yet been enacted.