S-0459.1                   _______________________________________________

 

                                                     SENATE BILL 5024

                              _______________________________________________

 

State of Washington                              53rd Legislature                             1993 Regular Session

 

By Senators A. Rasmussen, McDonald and McCaslin

 

Read first time 01/11/93.  Referred to Committee on Law & Justice.

 

Increasing the homestead exemption.


          AN ACT Relating to the homestead exemption; and amending RCW 6.13.030.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

 

        Sec. 1.  RCW 6.13.030 and 1991 c 123 s 2 are each amended to read as follows:

          A homestead may consist of lands, as described in RCW 6.13.010, regardless of area, but the homestead exemption amount shall not exceed the lesser of (1) the total net value of the lands, mobile home, and improvements as described in RCW 6.13.010, or (2) the sum of thirty-five thousand dollars, except where the homestead is subject to execution, attachment, or seizure by or under any legal process whatever to satisfy a judgment in favor of any state for failure to pay that state's income tax on benefits received while a resident of the state of Washington from a pension or other retirement plan, in which event there shall be no dollar limit on the value of the exemption.

 


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