Senate Bill sb0150

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    Florida Senate - 2001                                   SB 150

    By Senator Horne





    6-134-01

  1                      A bill to be entitled

  2         An act relating to property exempt from legal

  3         process; amending s. 222.25, F.S.; exempting

  4         certain debtor's interests from attachment,

  5         garnishment, or legal process; providing an

  6         effective date.

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  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Section 222.25, Florida Statutes, is

11  amended to read:

12         222.25  Other individual property exempt from legal

13  process.--The following property is exempt from attachment,

14  garnishment, or other legal process:

15         (1)  A debtor's interest, not to exceed $1,000 in

16  value, in a single motor vehicle as defined in s. 320.01.; and

17         (2)  A debtor's interest in any professionally

18  prescribed health aids for the debtor or a dependent of the

19  debtor.

20         (3)  A debtor's interest in a refund or a credit

21  received or to be received, or the traceable deposits in a

22  financial institution of a debtor's interest in a refund or

23  credit, pursuant to s. 32 of the Internal Revenue Code of

24  1986, as amended.

25         Section 2.  This act shall take effect upon becoming a

26  law.

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    Florida Senate - 2001                                   SB 150
    6-134-01




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  2                       LEGISLATIVE SUMMARY

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      Provides that a debtor's interest in a refund or a credit
  4    received or to be received or the traceable deposits in a
      financial institution of a debtor's interest in a refund
  5    or credit pursuant to section 32 of the Internal Revenue
      Code of 1986, as amended, is exempt from attachment,
  6    garnishment, or legal process.

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CODING: Words stricken are deletions; words underlined are additions.