HCS HB 1350 -- ATTACHMENTS AND EXECUTIONS

SPONSOR:  Byrd

COMMITTEE ACTION:  Voted "do pass" by the Committee on Judiciary
by a vote of 17 to 0.

This substitute makes changes to the laws regarding exemptions
from attachment and execution.  In its main provisions, the
substitute:

(1)  Expands the list of property that is exempt to include a
wedding ring not to exceed $1,500 in value;

(2)  Increases from $1,000 to $3,000 the exemption amount for
household furnishings;

(3)  Increases from $400 to $600 the exemption amount for any
other property;

(4)  Increases from $2,000 to $3,000 the exemption amount for
tools of the trade, adding to the list breeding stock and dairy
cattle;

(5)  Increases from $1,000 to $3,000 the exemption amount for
motor vehicles;

(6)  Increases from $1,000 to $5,000 the exemption amount for a
mobile home used as a primary residence, but restricts it to
mobile homes not on or attached to real property in which the
debtor has an interest;

(7)  Increases from $500 to $750 per month the exemption amount
for alimony or support;

(8)  Increases from $850 to $1,250 the head of household
exemption and increases from $250 to $350 the dependent child
exemption; and

(9)  Clarifies that the dependent child exemption also includes
children determined to be disabled by the Social Security
Administration.

FISCAL NOTE:  Not available at time of printing.

PROPONENTS:  Supporters say that these exemptions have not been
updated in a long time, and the increases in the bill do not
approach what inflation adjustments would have been.

Testifying for the bill were Representative Byrd; Board of
Governors of the Missouri Bar; Missouri Bankers Association; and
Missouri Credit Unions Association.

OPPONENTS:  There was no opposition voiced to the committee.

Julie Jinkens McNitt, Legislative Analyst

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am