S 8367 New York Senate · 2025 Regular Session

Increases the value of a motor vehicle exempt from the provisions of a will or intestate distribution for the benefit of the family of a decedent

This bill (S 8367) increases the value of a motor vehicle exempt from estate distribution rules from $25,000 to $50,000. It directly affects surviving spouses or children of a deceased person (decedent) who would otherwise have to share a vehicle in their estate. Under the change, they can claim one vehicle valued up to $50,000 (or receive cash for that amount) without it counting toward other estate distributions, even if the decedent owned multiple vehicles. The bill amends existing law and would take effect January 1 following its enactment.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
Governor
Introduced Jun 5, 2025 Last action Jun 5, 2025
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Jun 5, 2025
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upper
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