‘An Act To Clarify the Exemption of Federal, State and Local Public Assistance Benefits under State Bankruptcy Law’
| SP0246 LD 797 |
First Regular Session - 123rd Legislature - Text: MS-Word, RTF or PDF |
LR 1616 Item 2 |
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| Bill Tracking | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Clarify the Exemption of Federal, State and Local Public Assistance Benefits under State Bankruptcy Law’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 14 MRSA §4422, sub-§13, ¶A, as enacted by PL 1981, c. 431, §2, is amended to read:
summary
This amendment changes the title and replaces the bill. The amendment clarifies that federal and state public assistance benefits, including the federal earned income tax credit and additional child tax credit, are exempt property in bankruptcy proceedings.