Relates to the motor vehicle exemption and the homestead exemption for certain money judgments and bankruptcy proceedings
Summary
Relates to the calculation of the homestead exemption amount; relates to the indexing of the homestead exemption for housing value changes; increases the amount of the motor vehicle exemption; limits the homestead exemption available to bankruptcy debtors to one exemption per household; increases the motor vehicle exemption available in bankruptcy proceedings.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 16, 2025
Last action Feb 25, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
3
Feb 25, 2026
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Jan 7, 2026
Committee
REFERRED TO CODES
lower
Apr 16, 2025
Committee
REFERRED TO CODES
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Harry Bronson
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about A 7940
Scope: NY
Hi! I can help you understand A 7940. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline