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Utah's unclaimed property law would see several updates under this bill. It would let the State Tax Commission share a person's name, address, phone number, email address, county of residence, and Social Security or federal employer identification number with the state's unclaimed property administrator, specifically to help return lost property to its rightful owner, while shielding the Tax Commission from liability for how that information is later used. The bill would also update when tax-deferred and tax-exempt retirement accounts (like IRAs and health savings accounts) are considered "abandoned," tying the timeline to whatever age federal law currently sets for required minimum distributions rather than a fixed age, and adding a new rule that treats an account as abandoned one year after a required distribution following the owner's death. Finally, the bill would create a process allowing multiple heirs to jointly file a single claim for a deceased person's unclaimed property valued at $100,000 or less, requiring an affidavit and a signed agreement to fairly divide the property and to shield the state from liability, with the administrator required to act on such claims within 90 days.