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Committee advances clarification to unclaimed property code to floor

2551782 · February 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee voted to send House Bill 165 to the floor with a due-pass recommendation. Sponsors described the bill as a narrow clarification to the unclaimed property code to tighten timing and citation references for holders remitting property to the state’s unclaimed property program.

The Senate Local Government and Taxation Committee voted to advance House Bill 165 to the Senate floor with a due-pass recommendation after sponsors and the State Treasurer described the measure as a technical clarification to Idaho’s unclaimed property code.

Representative Joe Alfieri, sponsor of HB 165, said the bill is “a revision, a very small revision” intended to clarify when property is presumed abandoned and when a holder must seek to contact the…

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