H-3501.1  _______________________________________________

                          HOUSE BILL 2451

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State of Washington      55th Legislature     1998 Regular Session

By Representatives McDonald, Bush, Van Luven, Dunn, Thompson and Mulliken

Read first time 01/14/98.  Referred to Committee on Law & Justice.

Raising the value of the homestead exemption to forty-three thousand dollars.

    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 1993 c 200 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, improvements, and other personal property, as described in RCW 6.13.010, or (2) the sum of ((thirty)) forty-three thousand dollars in the case of lands, mobile home, and improvements, or the sum of fifteen thousand dollars in the case of other personal property described in RCW 6.13.010, 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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