Increases the exemption amount for real property from attachment or execution in Hawaii.

This bill amends Hawaii Revised Statutes to increase the exemption amount for real property from attachment or execution. The exemption now covers an interest in one parcel of real property with a fair market value not exceeding $150,000. This change aims to adjust the exemption to current valuation standards, considering the significant inflation since the last increase in 1978. The new exemption applies to various relatives, including spouses, minor children, parents, grandparents, and siblings, as well as to the defendant who owns the property. The amendment takes effect on July 1, 2026.

Increases the exemption amount for real property from attachment or execution in Hawaii.

This bill amends Hawaii Revised Statutes to increase the exemption amount for real property from attachment or execution. The exemption now covers an interest in one parcel of real property with a fair market value not exceeding $150,000. This change aims to adjust the exemption to current valuation standards, considering the significant inflation since the last increase in 1978. The new exemption applies to various relatives, including spouses, minor children, parents, grandparents, and siblings, as well as to the defendant who owns the property. The amendment takes effect on July 1, 2026.