SB0155S02 (Substitute)
Unclaimed Property Amendments
Introduction
Jan 20
Senate Rules
Senate Committee
Jan 23
Senate 2nd Reading
Feb 11
Senate 3rd Reading
Feb 12
House Rules
Feb 18
House Committee
Feb 24
House Floor Vote
Feb 26
Governor Signed
Mar 23
This bill modifies provisions related to unclaimed property.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
This bill makes several changes to Utah's unclaimed property laws: it allows the State Tax Commission to share contact information — including names, addresses, phone numbers, email addresses, and Social Security or federal employer identification numbers — with the state's unclaimed property administrator to help return property to its rightful owners; it updates the age and timing rules for when retirement and other tax-advantaged accounts are considered abandoned, replacing the outdated age of 70.5 with whatever age federal tax law currently specifies for required distributions; and it creates a process for multiple heirs to file a single joint claim for a deceased person's unclaimed property (valued at $100,000 or less), requiring them to submit an affidavit and agree to distribute the property fairly among all entitled parties.
Current version: SB0155S02 (Substitute)
Introduction
Jan 20
Senate Rules
Senate Committee
Jan 23
Senate 2nd Reading
Feb 11
Senate 3rd Reading
Feb 12
House Rules
Feb 18
House Committee
Feb 24
House Floor Vote
Feb 26
Governor Signed
Mar 23
IntroductionJan 20
Senate Rules
Senate CommitteeJan 23
Senate 2nd ReadingFeb 11
Senate 3rd ReadingFeb 12
House RulesFeb 18
House CommitteeFeb 24
House Floor VoteFeb 26
Governor SignedMar 23
This bill modifies provisions related to unclaimed property.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
This bill makes several changes to Utah's unclaimed property laws: it allows the State Tax Commission to share contact information — including names, addresses, phone numbers, email addresses, and Social Security or federal employer identification numbers — with the state's unclaimed property administrator to help return property to its rightful owners; it updates the age and timing rules for when retirement and other tax-advantaged accounts are considered abandoned, replacing the outdated age of 70.5 with whatever age federal tax law currently specifies for required distributions; and it creates a process for multiple heirs to file a single joint claim for a deceased person's unclaimed property (valued at $100,000 or less), requiring them to submit an affidavit and agree to distribute the property fairly among all entitled parties.
Motion: Favorable Recommendation
Motion: Favorable Recommendation
Governor Signed
Lieutenant Governor's office for filing
Senate/ to Governor
Executive Branch - Governor
Senate/ received enrolled bill from Printing
Senate Secretary
Senate/ enrolled bill to Printing
Senate Secretary
Enrolled Bill Returned to House or Senate
Senate Secretary
Last updated Mar 26, 2026, 9:44 PM