The bill aims to raise the maximum value of certain properties that are exempt from being seized in cases of legal judgments. It proposes increasing the protection for individuals by allowing them to retain more valuable assets even if they have outstanding debts. This change could provide greater financial security for individuals facing legal actions and may offer increased protections against losing essential property during debt collection processes.
2024-04-09: Introduced
2024-04-09: Read first time and referred to Committee on Ways and Means
2024-04-15: Failed to pass pursuant to Senate Joint Resolution 1
2024-04-15: Representative Ohnstad added as a coauthor
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