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IL HB4541

IL HB4541
RUUPA OVERPAYMENTS


summary

Introduced
01/22/2026
In Committee
04/14/2026
Crossed Over
04/08/2026
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Revised Uniform Unclaimed Property Act. Includes within the definition of "property" any overpayment made by any person to a government, governmental subdivision, agency, or instrumentality, including, but not limited to, a payment for any tax, license, or fee that was made in excess of the amount ultimately required of the payor. Provides that the changes made by the amendatory Act is a restatement and clarification of existing law. Effective immediately.

AI Summary

This bill amends the Revised Uniform Unclaimed Property Act to clarify that any overpayment made to a government entity, such as a payment for a tax, license, or fee that exceeds the amount ultimately owed, is considered "property" that can be claimed if it becomes abandoned. The bill also states that these changes are a restatement and clarification of existing law and takes effect immediately.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Placed on Calendar Order of 2nd Reading April 28, 2026 (on 04/22/2026)

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