Bill > SB00382

This bill revises the unclaimed property process in the state. Key provisions include: - Requiring the Treasurer to maintain a readily searchable list of unclaimed property, including details like the type of property, estimated value, and contact information for the apparent owner. - Allowing individuals to file electronic claims for unclaimed property worth less than $5,000 with one owner, while requiring certified claims for property with multiple owners or valued at $5,000 or more. - Granting the Treasurer access to data from state agencies to help return unclaimed property to owners. - Allowing the Treasurer to deduct and withhold unpaid taxes from unclaimed property claims. - Requiring executors/administrators to check for unclaimed property before exhibiting final accounts, and individuals to check before filing initial unemployment claims. - Allowing nonprofit organizations to claim unclaimed property originally belonging to their branches or collected on their behalf. The bill aims to streamline the unclaimed property process and increase the return of funds to their rightful owners.

Government Affairs

Government Administration and Elections Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00382&which_year=2023