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Bills · 2009-2010 Regular Session

SB 259

Became law Official bill text Atom feed

the homestead exemption and increases in the value of the exemption for various property that is exempt from execution.

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, a debtor's interest in certain property and the value of

certain property are exempt from execution, from the lien of every judgment, and

from liability for the debtor's debts, allowing the debtor to keep that property rather

than have the property taken to pay the amounts owed to creditors. This bill raises

the value of some of the property that is exempt as shown by the following table:

-

See PDF for table

The bill also allows a person who does not take an exemption for business

equipment, inventory, farm products, or professional books to take an exemption of

any interest the debtor has in a closely held business, up to a maximum amount of

$15,000.

In addition, the bill requires the Department of Administration every three

years, beginning in January 2011, to adjust the exemption for the debtor's

homestead, currently set at $40,000, to reflect the change in the consumer price

index for all urban consumers for the previous three-year period. Current law

extends the homestead exemption to land owned by a husband and wife jointly or in

common and allows either to claim the exemption or to divide the exemption between

them. The bill allows the husband and wife to each claim a homestead exemption

of not more than the adjusted $40,000 amount.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Holperin (D) , Lassa (D) , Lehman (D) , Miller (D) , Risser (D) , Robson (D) , Taylor (D) , Vinehout (D)

16 cosponsors

Berceau (D) , Clark (D) , Dexter (D) , Grigsby (D) , Hebl (D) , Hilgenberg (D) , Hintz (D) , Hixson (D) , Kessler (D) , Molepske Jr. (D) , Pope-Roberts (D) , Richards (D) , Roys (D) , Sherman , Smith (D) , Turner (D)

Votes

Senate: Report adoption of Senate Amendment 2 recommended by committee on Judiciary, Corrections, Insurance, Campaign Finance Reform, and Housing, Ayes 5, Noes 0

Passed 5–0 Oct 7, 2009 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Aug 11, 2009 · Senate

    Introduced by Senators Taylor, Lehman, Miller, Vinehout, Robson, Lassa, Holperin and Risser;Cosponsored by Representatives Hebl, Sherman, Roys, Berceau, Clark, Pope-Roberts, Richards, Turner, Molepske Jr., Smith, Hintz, Grigsby, Hilgenberg, Hixson, Kessler and Dexter

  2. Aug 11, 2009 · Senate

    Read first time and referred to committee on Judiciary, Corrections, Insurance, Campaign Finance Reform, and Housing

  3. Sep 3, 2009 · Senate

    Fiscal estimate received

  4. Sep 10, 2009 · Senate

    Senate amendment 1 offered by Senator Taylor

  5. Sep 23, 2009 · Senate

    Public hearing held

  6. Oct 6, 2009 · Senate

    Senate amendment 2 offered by Senator Taylor

  7. Oct 6, 2009 · Senate

    Senate amendment 3 offered by Senator Taylor

  8. Oct 6, 2009 · Senate

    Executive action taken

  9. Oct 7, 2009 · Senate

    Report passage as amended recommended by committee on Judiciary, Corrections, Insurance, Campaign Finance Reform, and Housing, Ayes 4, Noes 1

  10. Oct 7, 2009 · Senate

    Available for scheduling

  11. Oct 7, 2009 · Senate

    Report adoption of Senate Amendment 2 recommended by committee on Judiciary, Corrections, Insurance, Campaign Finance Reform, and Housing, Ayes 5, Noes 0

  12. Oct 7, 2009 · Senate

    Report adoption of Senate Amendment 3 recommended by committee on Judiciary, Corrections, Insurance, Campaign Finance Reform, and Housing, Ayes 5, Noes 0

  13. Oct 9, 2009 · Senate

    LRB correction (Senate Amendment 3)

  14. Nov 4, 2009 · Senate

    Placed on calendar 11-5-2009 by committee on Senate Organization

  15. Nov 5, 2009 · Senate

    Read a second time

  16. Nov 5, 2009 · Senate

    Senate amendment 2 laid on table

  17. Nov 5, 2009 · Senate

    Senate amendment 3 adopted

  18. Nov 5, 2009 · Senate

    Ordered to a third reading

  19. Nov 5, 2009 · Senate

    Rules suspended

  20. Nov 5, 2009 · Senate

    Read a third time and passed

  21. Nov 5, 2009 · Senate

    Ordered immediately messaged

  22. Nov 5, 2009 · Assembly

    Received from Senate

  23. Nov 5, 2009 · Assembly

    Read

  24. Nov 5, 2009 · Assembly

    Rules suspended and taken up

  25. Nov 5, 2009 · Assembly

    Read a second time

  26. Nov 5, 2009 · Assembly

    Ordered to a third reading

  27. Nov 5, 2009 · Assembly

    Rules suspended

  28. Nov 5, 2009 · Assembly

    Read a third time and concurred in

  29. Nov 5, 2009 · Assembly

    Ordered immediately messaged

  30. Nov 6, 2009 · Senate

    Received from Assembly concurred in

  31. Nov 12, 2009 · Senate

    Report correctly enrolled on 11-12-2009

  32. Nov 30, 2009 · Senate

    Presented to the Governor on 11-30-2009

  33. Dec 1, 2009 · Senate

    Report approved by the Governor on 12-1-2009. 2009 Wisconsin Act 80

  34. Dec 3, 2009 · Senate

    Published 12-15-2009.