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Finance Committee raises unclaimed-property automatic return threshold to $10,000
Summary
The House Finance Committee voted unanimously to advance House Bill 1189, which would let the Pennsylvania Treasury automatically return unclaimed property up to $10,000 rather than the current $500 threshold, after members heard Treasury data and a staff description of a pilot program.
The House Finance Committee unanimously reported House Bill 1189 after a short discussion about expanding the Treasury—s automatic-return pilot for unclaimed property.
House Bill 1189 would raise the threshold for the Pennsylvania Treasury to automatically return unclaimed property from $500 to $10,000, Mark Forman, the committee—s senior executive director, told the committee: "House bill 11 89 would raise the threshold for the PA Treasury to automatically…
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