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SB 158 — Value of Motor Vehicles Exempt from Legal Process
by Senator Polsky
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Judiciary Committee (JU)
The bill increases from $1,000 to $5,000, the maximum value of a debtor’s motor vehicle that is exempt from attachment, garnishment, or other legal process. The $1,000 amount was established in 1993 and has not been increased since then.
According to the U.S. Bureau of Labor Statistics Consumer Price Index Inflation Calculator, $1,000 in October 1993 is the equivalent of $2,107.42 in November 2023.
If approved by the Governor, or allowed to become law without the Governor’s signature, these provisions take effect July 1, 2024.
Vote: Senate 37-0; House 112-0