Bill Text: NJ S2681 | 2014-2015 | Regular Session | Introduced
Bill Title: Exempts certain property from attachment.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-12-22 - Introduced in the Senate, Referred to Senate Commerce Committee [S2681 Detail]
Download: New_Jersey-2014-S2681-Introduced.html
Sponsored by:
Senator JEFF VAN DREW
District 1 (Atlantic, Cape May and Cumberland)
SYNOPSIS
Exempts certain property from attachment.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning exemptions from attachment and amending N.J.S.2A:26-4.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. N.J.S. 2A:26-4 is amended to read as follows:
2A:26-4. [Household] The following property shall be exempt from attachment:
a. The person's household goods and furniture [not exceeding $1,000.00 in value of a person shall be exempt from attachment except for a debt incurred in the purchase thereof.
If the attaching officer believes that the goods and furniture exceed such value, he may attach and include them in his inventory and appraisement, and the person entitled to the exemption, his family or his estate shall forthwith, on demand by the officer, select, from the inventoried and appraised property, goods and furniture to the value of $1,000.00. A failure to make the selection shall be deemed to be a waiver of the exemption] , including personal computers and related equipment, that is held primarily for the personal, family, educational or household use of the person or a dependent of the person.
b. The person's interest, not to exceed $4,000 in aggregate value, in wearing apparel that is held primarily for the personal, family or household use of the person or a dependent of the person.
c. The person's interest, not to exceed $5,000 in value, in one motor vehicle.
(cf: P.L.1974, c.92, s.1)
2. This act shall take effect on the 90th day next following enactment.
STATEMENT
This bill expands the extent to which property is exempt from attachment.
The bill removes the current limit of $1,000 in value for the exemption from attachment for household goods and furniture, making the exemption unlimited in value. The bill also clarifies that this exemption includes personal computers and related equipment, and that the exemption applies to property held primarily for the personal, family, educational or household use of the person or a dependent of the person.
In addition, the bill adds
exemptions for: (1) the person's
interest, not to exceed $4,000 in aggregate value, in wearing apparel that is
held primarily for the personal, family or household use of the person or
dependent of the person; and (2) the person's interest, not to exceed $5,000 in
value, in one motor vehicle.
