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HB 617 (2025)

Increase the homestead right to $400,000

This bill became law.

Last updated 2025-12-07 11:31 am
Summary:

Increases the homestead right from $120,000 to $1,000,000 and creates additional exemptions for the use of this right. Generally speaking, the homestead right protects a homeowner's property from some debt collection.

The Senate amended the bill to instead increase the minimum homestead right to $350,000.

A conference committee of representatives and senators agreed on a minimum homestead right of $400,000 for an individual and $550,000 for married/multiple people with interest in a home.

Bill Sponsor:
Melissa A. Litchfield
Republican party logo
Status:
SIGNED BY GOVERNOR
Status Detail:
Signed by Governor
Public Hearing Date:
04/16/2025 09:00 am
Public Hearing Location:
SH Room 100
House Voting Date:
06/26/2025
Senate Voting Date:
05/01/2025
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