05RS HB248

HB248

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HB 248 (BR 928) - R. Webb, B. Farmer, J. Wayne

     AN ACT relating to debtor-creditor relations.
     Amend KRS 379.080, relating to property exempt from debt, to increase the homestead exemption from $5,000 to $25,000; amend KRS 427.010, relating to debtor property exemptions, to increase the household furnishings and personal clothing exemption from $3,000 to $5,000; increase tools and livestock exemption from $3,000 to $5,000; increase motor vehicle exemption from $2,500 to $7,500; amend KRS 427.060, relating to exemption of a debtor's personal property, to increase the exemption from $5,000 to $25,000; amend KRS 427.080, relating to homestead exemption in sales of execution, to increase the exemption from $5,000 to $25,000; amend KRS 427.090, relating to property of defendant in execution case, to increase the minimum sale amount from $5,000 to $25,000.

HB 248 - AMENDMENTS


     HCS - Delete provisions of bill and insert in lieu thereof a section amending KRS 427.170 to allow federal bankruptcy exemptions to apply in Kentucky.

     SCS - Attach provisions of HB 303/HCS.

     SCA (1/Title, R. Stivers II) - Make title amendment.

     Feb 2-introduced in House
     Feb 3-to Judiciary (H)
     Feb 4-posted in committee
     Feb 16-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 17-2nd reading, to Rules
     Feb 22-posted for passage in the Regular Orders of the Day for Wednesday, February 23, 2005
     Feb 24-3rd reading, passed 92-0 with Committee Substitute
     Feb 25-received in Senate
     Feb 28-to Appropriations and Revenue (S)
     Mar 3-reported favorably, 1st reading, to Calendar
     Mar 4-2nd reading, to Rules; recommitted to Judiciary (S); reported favorably, to Rules with Committee Substitute, committee amendment (1-title) as a Consent bill; posted for passage in the Regular Orders of the Day for Friday, March 4, 2005; 3rd reading, passed 33-0 with Committee Substitute, committee amendment (1-title)
     Mar 8-received in House; to Rules (H); posted for passage for concurrence in Senate Committee Substitute, committee amendment (1-title); House refused to concur in Senate Committee Substitute, committee amendment (1-title); received in Senate; posted for passage for receding from Senate Committee Substitute, committee amendment (1-title) on Tuesday, March 8, 2005; Senate receded from Committee Substitute; committee amendment (1-title) withdrawn; passed 32-0; received in House; enrolled, signed by each presiding officer; delivered to Governor
     Mar 18-signed by Governor (Acts ch. 141)


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