Section 09.38.020. Exemptions of personal property subject to value limitations.

   (a) An individual is entitled to an exemption in property not to exceed an aggregate value of $3,000 chosen by the individual from the following categories of property:
        (1) household goods and wearing apparel reasonably necessary for one household;
        (2) if reasonably held for the personal use of the individual or a dependent, books and musical instruments; and
        (3) family portraits and heirlooms of particular sentimental value to the individual.
   (b) An individual is entitled to exemption of jewelry, not exceeding $1,000 in aggregate value, if held for the personal use of the individual or a dependent.
   (c) An individual is entitled to exemption, not exceeding $2,800 in aggregate value, of implements, professional books, and tools of the trade.
   (d) An individual is entitled to the exemption of pets to the extent of a value not exceeding $1,000.
   (e) An individual is entitled to an exemption of one motor vehicle to the extent of a value not exceeding $3,000 if the full value of the motor vehicle does not exceed $20,000.

Authorities

9.38.060; 9.38.070; 9.38.075; 9.38.080;47.55.095

Notes

References

8 AAC 95.030
AS 9.38.060 .060">Sec. 09.38.060. Tracing exempt property.
AS 9.38.070 .070">Sec. 09.38.070. Limitation on enforcement of certain security interests in exempt goods.
AS 9.38.075 .075">Sec. 09.38.075. Special procedures relating to limited value exemptions; burden of proof.
AS 9.38.080 .080">Sec. 09.38.080. Procedures applicable to a levy on property of an individual.
AS 47.55.095 Limitation on enforcement of claims against estate.

History

(Sec. 2 ch 62 SLA 1982; am Sec. 4 ch 135 SLA 1988)