Text: SSB00129 Text: SSB00131 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 642.21, subsection 1, Code 1997, is 1 2 amended to read as follows: 1 3 1. The disposable earnings of an individual are exempt 1 4 from garnishment to the extent provided by the federal 1 5 Consumer Credit Protection Act, Title III, 15 U.S.C.secs.} 1 6 1671–1677 (1982). The maximum amount of an employee's 1 7 earnings which may be garnished during any one calendar year 1 8 istwofive hundredfiftydollars for each judgment creditor, 1 9 except as provided in chapter 252D and sections 598.22, 1 10 598.23, and 627.12, or when those earnings are reasonably 1 11 expected to be in excess of twelve thousand dollars for that 1 12 calendar year as determined from the answers taken by the 1 13 sheriff or by the court pursuant to section 642.5, subsection 1 14 4. When the employee's earnings are reasonably expected to be 1 15 more than twelve thousand dollars the maximum amount of those 1 16 earnings which may be garnished during a calendar year for 1 17 each creditor is as follows: 1 18 a. Employees with expected earnings of twelve thousand 1 19 dollars or more, but less than sixteen thousand dollars, not 1 20 more thanfoureight hundred dollars may be garnished. 1 21 b. Employees with expected earnings of sixteen thousand 1 22 dollars or more, but less than twenty-four thousand dollars, 1 23 not more thaneightone thousand six hundred dollars may be 1 24 garnished. 1 25 c. Employees with expected earnings of twenty-four 1 26 thousand dollars or more, but less than thirty-five thousand 1 27 dollars, not more thanonethree thousandfive hundreddollars 1 28 may be garnished. 1 29 d. Employees with expected earnings of thirty-five 1 30 thousand dollars or more, but less than fifty thousand 1 31 dollars, not more thantwofour thousand dollars may be 1 32 garnished. 1 33 e. Employees with expected earnings of fifty thousand 1 34 dollars or more, not more thantentwenty percent of an 1 35 employee's expected earnings. 2 1 EXPLANATION 2 2 This bill amends Code section 642.21, subsection 1, 2 3 relating to the amount of an employee's earnings which may be 2 4 garnished. The bill raises the maximum amount of an 2 5 employee's earnings which may be garnished during any one 2 6 calendar year to $500 for each judgment creditor, except as 2 7 provided in Code chapter 252D and sections 598.22, 598.23, and 2 8 627.12, or when those earnings are reasonably expected to be 2 9 in excess of $12,000 for that calendar year. 2 10 If an employee's yearly earnings are reasonably expected to 2 11 be more than $12,000, the bill provides for the following 2 12 maximum amounts for each calendar year for each creditor: 2 13 1. For earnings of $12,000 to less than $16,000, not more 2 14 than $800 may be garnished. 2 15 2. For earnings of $16,000 to less than $24,000, not more 2 16 than $1,600 may be garnished. 2 17 3. For earnings of $24,000 to less than $35,000, not more 2 18 than $3,000 may be garnished. 2 19 4. For earnings of $35,000 to less than $50,000, not more 2 20 than $4,000 may be garnished. 2 21 5. For earnings of $50,000 or more, not more than 20 2 22 percent of an employee's expected earnings. 2 23 Other garnishment limitations in Code sections 537.5105, 2 24 627.6, and 630.3A are not affected by this bill. 2 25 LSB 1989SC 77 2 26 tm/sc/14
Text: SSB00129 Text: SSB00131 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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