Unclaimed Property Amendments

Summary

The bill lets the State Tax Commission share certain taxpayer identifiers with the unclaimed‑property administrator to help return lost assets. It changes when tax‑deferred and tax‑exempt retirement accounts are considered abandoned and creates a streamlined process for heirs to file a single claim on a decedent’s property. The changes aim to improve recovery of unclaimed funds while protecting privacy.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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