A 7940 New York Assembly · 2025 Regular Session

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
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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
Photo of Harry Bronson
Harry Bronson
DDemocratic
NY
138