California Exemptions Bill is Defeated – Note from Eric Clark

I am sorry to report that after a long two year journey, we were not able to summon the courage among the California Assembly members to pass SB 308.  The bill failed in today’s final vote and is now officially dead.

M. Erik Clark

SB 308 would have increased the homestead exemption substantially and done after with the requirement that the proceeds of sale be reinvested within six months.

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