summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
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 taxes, licenses, or fees that exceeds the amount ultimately owed, is considered "property" that could potentially become unclaimed. The bill states that this change is a restatement and clarification of existing law, meaning it aims to confirm the current understanding of the law rather than introduce a new concept, and it takes effect immediately upon becoming law.
Sponsors (1)
Last Action
Referred to Assignments (on 02/04/2026)
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