On July 1, 2017, and at the end of each 3-year period thereafter, the State Treasurer shall adjust each dollar amount in this article or, for each adjustment after July 1, 2017, each adjusted amount, by an amount determined by the State Treasurer to reflect the cumulative change in the consumer price index, as published by the United States Department of Labor, or, if that index is no longer published, a generally available comparable index, for the 3-year period ending on the December 31 preceding the adjustment date and rounded to the nearest twenty-five dollars ($25.00). The State Treasurer shall publish the adjusted amounts. The adjusted amounts apply to exemptions claimed on or after April 1 following the adjustment date.
(Act 2015-484, §2.)
Notes of Decisions
Cited in
2
cases, 2016–2018 · leading case:
In re Middleton, 544 B.R. 449 (Bankr. S.D. Ala. 2016).
In re Middleton, 544 B.R. 449 (Bankr. S.D. Ala. 2016).
· cites it 12× “First, debtors argue that the inflation index provision found in the new Alabama Code § 6-10-12 implicitly repeals Alabama Code § 6-10-1’s “date of debt” provision in favor of a “date of claiming” rule: On July 1, 2017, and at the end of each 3-year period thereafter, the State…”
Redstone Fed. Credit Union v. Whited, 584 B.R. 71 (N.D. Ala. 2018).
· cites it 4× “The same day, the Alabama Legislature enacted Alabama Code § 6-10-12, which provides that every three years, the State Treasurer shall adjust the homestead exemption amount "to reflect the cumulative change in the consumer price index .”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.