A 7940

New York Assembly bill in Session 2025-2026.

Status: in_committee. Latest action: February 25, 2026.

Relates to the motor vehicle exemption and the homestead exemption for certain money judgments and bankruptcy proceedings.

Bill ID NY-2025-2026-A-7940
Session 2025-2026
Status in_committee
Committee Ways And Means
Assembly in_committee 2026-02-25
Housing Transportation
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.

Sponsor
Harry B. Bronson
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-04-16 Introduced Bill introduced
2026-02-25 Status in_committee
2026-02-25 Latest Action In Assembly Committee
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