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Florida Motor Vehicle Exemption Now $5,000! (Effective 7/1/2024)

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    News Florida Motor Vehicle Exemption Now $5,000! (Effective 7/1/2024)

    Effective July 1, 2024, Florida's motor vehicle exemption will be $5,000 in a single vehicle. This is a change from the prior amount, listed in F.S. 222.25(1), of $1,000 in a single vehicle. The bill was passed and signed by the governor in late April 2024. It becomes effective this weekend: July 1, 2024.

    Yahoo!


    Source:
    Florida Senate: https://flsenate.gov/Session/Bill/20...0029z1.CJS.PDF

    Enrolled Bill: https://www.myfloridahouse.gov/Secti...8&Session=2024

    Effective Date of Law: July 1, 2024‚Äč
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
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