Assembly bill · A7940 (2025-26)
Relates to the motor vehicle exemption and the homestead exemption for certain money judgments and bankruptcy proceedings
New York State Assembly
Same as S8109, the matching bill in the Senate.
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.
Summary from NY Open Legislation. How we handle summaries
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 20, 2026. About our data
Following needs an Agora account. You will sign in first, then come back to this page.
Your position on this bill
Choose the position closest to yours. You'll sign in or create an account to save it.
Where it stands
Out of committee and scheduled for a vote by the full chamber.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Codes · New York State Assembly
Also referred to Codes · New York State Senate.
Full history
- Feb 25, 2026
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO CODES
NY Assembly
- Apr 16, 2025
Referred to committee
REFERRED TO CODES
NY Assembly