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| 3 | 3 | | HB 825 2025 |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb825-00 |
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| 9 | 9 | | Page 1 of 2 |
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| 10 | 10 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to exemption of assets; amending s. 2 |
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| 16 | 16 | | 222.22, F.S.; exempting certain moneys from specified 3 |
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| 17 | 17 | | legal process; defining the term "homeowner savings 4 |
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| 18 | 18 | | plan"; providing for contingent effect; providing an 5 |
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| 19 | 19 | | effective date. 6 |
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| 20 | 20 | | 7 |
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| 21 | 21 | | Be It Enacted by the Legislature of the State of Florida: 8 |
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| 22 | 22 | | 9 |
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| 23 | 23 | | Section 1. Subsections (6) and (7) are added to section 10 |
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| 24 | 24 | | 222.22, Florida Statutes, to read: 11 |
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| 25 | 25 | | 222.22 Exemption of assets in qualified tuition programs, 12 |
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| 26 | 26 | | medical savings accounts, Coverdell education savings accounts, 13 |
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| 27 | 27 | | and hurricane savings accounts , homeowner savings plans, and 14 |
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| 28 | 28 | | qualified home disaster mitigation and recovery expenses 15 |
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| 29 | 29 | | accounts from legal process.— 16 |
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| 30 | 30 | | (6)(a) Moneys paid into or out of, the assets of, and the 17 |
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| 31 | 31 | | income of any homeowner savings plan are not liable to 18 |
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| 32 | 32 | | attachment, levy, garnishment, or legal process in this state in 19 |
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| 33 | 33 | | favor of any creditor of or claimant against any plan 20 |
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| 34 | 34 | | participant, purchaser, owner or c ontributor, or plan 21 |
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| 35 | 35 | | beneficiary. 22 |
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| 36 | 36 | | (b) As used in this subsection, the term "homeowner 23 |
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| 37 | 37 | | savings plan" means a plan used by the owner of homestead 24 |
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| 38 | 38 | | property within this state to reduce taxable income based on the 25 |
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| 40 | 40 | | HB 825 2025 |
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| 44 | 44 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 45 | 45 | | hb825-00 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 51 | 51 | | value of such property with the savings from s uch reduction 26 |
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| 52 | 52 | | being directed back into the plan to use on expenses related to 27 |
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| 53 | 53 | | homeownership. 28 |
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| 54 | 54 | | (c) This subsection shall take effect only when the 29 |
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| 55 | 55 | | Federal Government provides tax -exempt or tax-deferred status to 30 |
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| 56 | 56 | | a homeowner savings plan. 31 |
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| 57 | 57 | | (7) Moneys paid into or out of, the assets of, and the 32 |
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| 58 | 58 | | income of any qualified home disaster mitigation and recovery 33 |
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| 59 | 59 | | expenses account established by the account beneficiary of a 34 |
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| 60 | 60 | | trust authorized under the Internal Revenue Code of 1986, as 35 |
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| 61 | 61 | | amended, are not liable to attach ment, levy, garnishment, or 36 |
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| 62 | 62 | | legal process in this state in favor of any creditor of or 37 |
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| 63 | 63 | | claimant against any account participant, purchaser, owner or 38 |
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| 64 | 64 | | contributor, or account beneficiary. 39 |
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| 65 | 65 | | Section 2. This act shall take effect July 1, 2025. 40 |
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