This bill amends Section 55-1002 of the Idaho Code to revise the provisions regarding homestead property. The key change allows each spouse in a married couple to separately claim a homestead exemption, as specified in section 55-1003, Idaho Code. This replaces the previous stipulation that prohibited the same premises from being claimed separately by both spouses, which effectively limited the net value of the homestead available to the marital community.

Additionally, the bill declares an emergency, stating that it will take effect on July 1, 2025. This change aims to provide greater flexibility and protection for married couples regarding their homestead exemptions.

Statutes affected:
Bill Text: 55-1002, 55-1008
Engrossment 1: 55-1002