SB 155 — Unclaimed Property Amendments

155 Enrolled Copy worker with the Department of Health and Human Services or its designee with the adjusted gross income of an individual if:

(x) Notwithstanding Subsection (2), the commission may provide the Public Service Commission or the Division of Public Utilities information related to a seller that collects and remits to the commission - 8 - SB0155 compared with SB0155S02 a charge described in Subsection 69-2-405(2), including the seller's identity and the number of charges described in Subsection 69-2-405(2) that the seller collects.

(y)(y)(i) (i) Notwithstanding Subsection (2), the commission shall provide to each qualifying jurisdiction the collection data necessary to verify the revenue collected by the commission for a distributed tax, fee, or charge collected within the qualifying jurisdiction.

(ii) In addition to the information provided under Subsection (4)(y)(i), the commission shall provide a qualifying jurisdiction with copies of returns and other information relating to a distributed tax, fee, or charge collected within the qualifying- jurisdiction.8 - Enrolled Copy S.B.

(iii)155 (A) To obtain the information described in Subsection (4)(y)(ii), the chief executive officer or the chief executive officer's designee of the qualifying jurisdictionjurisdiction. shall submit a written request to the commission that states the specific information sought and how the qualifying jurisdiction intends to use the information.

(iii)(A) To obtain the information described in Subsection (4)(y)(ii), the chief executive officer or the chief executive officer's designee of the qualifying jurisdiction shall submit a written request to the commission that states the specific information sought and how the qualifying jurisdiction intends to use the information.

(bb)(bb)(i) (i) As used in this Subsection (4)(bb), "unclaimed property administrator" means the administrator or the administrator's agent, as those terms are defined in Section 67-4a-102.

-(ii)(A) 9 - SB0155 compared with SB0155S02 (ii) (A) Notwithstanding Subsection (2), upon request from the unclaimed property administrator, subject to the commission's availability of the information, and to the extent allowed under federal law, the commission shall provide the unclaimed property administrator the name, address, telephone number, email address, county of residence, and social security number or federal employer identification number on any return filed under Chapter 7, Corporate Franchise and Income Taxes, or Chapter 10, Individual Income Tax Act.

(B)- The9 unclaimed- propertyS.B. administrator may use the information described in Subsection (4)(bb)(ii) (A) only for the purpose of returning unclaimed property to the property's owner in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act.

155 Enrolled Copy (B) The unclaimed property administrator may use the information described in Subsection (4)(bb)(ii)(A) only for the purpose of returning unclaimed property to the property's owner in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act.

- 10 - SB0155 compared with SB0155S02 (v) a mailing address to which the payment may be directed;

(i) at the request of a committee of the Legislature, the Office of the Legislative Fiscal Analyst, or the Governor's Office of Planning and Budget, to the committee or- office10 for- theEnrolled timeCopy periodS.B. specified by the committee or office;

155 or office for the time period specified by the committee or office;

(5)(5)(a) (a) Each report and return shall be preserved for at least three years.

(6)(6)(a) (a) Any individual who violates this section is guilty of a class A misdemeanor.

(c) Notwithstanding Subsection (6)(a) or (b), GOEO, when requesting information in accordance with Subsection (4)(n)(iii), or an individual who requests information in accordance with Subsection (4)(4)(n)(v): (n)(v):

- 11 - SB0155 compared with SB0155S02 (i) is not guilty of a class A misdemeanor;

or (B) disqualification from holding public office in accordance with Subsection (6)(b).- 11 - S.B.

155 Enrolled Copy (6)(b).

67-4a-102.67-4a-102 (Effective 05/06/26).

(2)(2)(a) (a) "Administrator's agent" means a person with which the administrator contracts to conduct an examination under Part 10, Verified Report of Property and Examination of Records, on behalf of the administrator.

(4)(4)(a) (a) "Bank draft" means a check, draft, or similar instrument on which a banking or financial organization is directly liable.

- 12 - SB0155 compared with SB0155S02 (i) a traveler's check;

(a)- is12 drawn- byEnrolled aCopy bankingS.B. organization on itself;

155 (a) is drawn by a banking organization on itself;

(10)(10)(a) (a) "Deposit in a financial institution" means a demand, savings, or matured time deposit with a banking or financial organization.

- 13 - SB0155 compared with SB0155S02 (b) for a business association other than a corporation, whose formation requires a filing with a state, the state of the business association's filing;

(15)(15)(a) (a) "Game-related digital content" means digital content that exists only in an electronic game or electronic-game platform.

and (ii) the following, if for use or redemption only within the game or platform or another- electronic13 game- orS.B. electronic-game platform:

155 Enrolled Copy another electronic game or electronic-game platform:

(16)(16)(a) (a) "Gift card" means a record that:

- 14 - SB0155 compared with SB0155S02 (ii) is prefunded before the record is used;

(n)- malpractice14 insurance;- Enrolled Copy S.B.

155 (n) malpractice insurance;

(20)(20)(a) - 15 - SB0155 compared with SB0155S02 (a) "Loyalty card" means a record given without direct monetary consideration under an award, reward, benefit, loyalty, incentive, rebate, or promotional program that may be used or redeemed only to obtain goods or services or a discount on goods or services.

(21)(21)(a) (a) "Mineral" means any substance that is ordinarily and naturally considered a mineral, regardless of the depth at which the substance is found.

and (xviii)- uranium.15 - S.B.

(22)155 (a)Enrolled "MineralCopy proceeds"(xviii) meansuranium. an amount payable:

(22)(a) "Mineral proceeds" means an amount payable:

- 16 - SB0155 compared with SB0155S02 (b) "Mineral proceeds" includes an amount payable:

(23)(23)(a) (a) "Money order" means a payment order for a specified amount of money.

(25)(25)(a) (a) "Nonfreely transferable security" means a security that cannot be delivered to the administrator by the Depository Trust Clearing Corporation or a similar custodian of securities providing post-post-trade trade clearing and settlement services to financial markets or cannot be delivered because there is no agent to effect transfer.

(26)(26)(a) (a) "Owner" means a person that has a legal, beneficial, or equitable interest in property subject to this chapter or the person's legal representative when acting on behalf of the owner.

(ii)(ii)(A) (A) a trustee, for a trust;

and - 1716 - SB0155Enrolled comparedCopy withS.B. SB0155S02 (v) an heir, as defined in Section 75-1-201, for property for which the decedent qualified as an owner before death.

155 (v) an heir, as defined in Section 75-1-201, for property for which the decedent qualified as an owner before death.

(29)(29)(a) (a) "Property" means tangible property described in Section 67-4a-205 or a fixed and certain interest in intangible property held, issued, or owed in the course of a holder's business or by a government entity.

- 18 - SB0155 compared with SB0155S02 (iv) money deposited to redeem a security, make a distribution, or pay a dividend;

(vi)- an17 amount- distributableS.B. from a trust or custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit-sharing, employee- savings, supplemental-unemployment insurance, or a similar benefit;

155 Enrolled Copy (vi) an amount distributable from a trust or custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit-sharing, employee-savings, supplemental-unemployment insurance, or a similar benefit;

- 19 - SB0155 compared with SB0155S02 (a) to execute or adopt a tangible symbol;

(34)- "State"18 means- aEnrolled stateCopy ofS.B. the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States.

(35)155 (a)(34) "Stored-value"State" card" means a reloadablestate of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or non-reloadableany record:territory or insular possession subject to the jurisdiction of the United States.

(35)(a) "Stored-value card" means a reloadable or non-reloadable record:

(37)(37)(a) (a) "Virtual currency" means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States.

- 20 - SB0155 compared with SB0155S02 (ii) game-related digital content;

(38)- "Worthless19 security"- meansS.B. a security whose cost of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this chapter.

155 Enrolled Copy (38) "Worthless security" means a security whose cost of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this chapter.

67-4a-202.67-4a-202 (Effective 05/06/26).

or] [(B) confirms the death of the apparent owner under Subsection (2).] - 21 - SB0155 compared with SB0155S02 (2) If a holder in the ordinary course of the holder's business receives notice or an indication- of20 the- deathEnrolled ofCopy anS.B. apparent owner and Subsection (1)(b) applies, the holder shall attempt not later than 90 days after receipt of the notice or indication to confirm whether the apparent owner is deceased.

(3)155 (a)indication Subjectof to Subsection (3)(b), if the holderdeath doesof notan send communications to the apparent owner ofand an account described in Subsection (1)(1)(b) byapplies, first-class United States mail on at least an annual basis, the holder shall attempt tonot confirmlater thethan apparent90 owner'sdays interestafter inreceipt theof property by sending the apparentnotice owneror anindication electronicto mailconfirm communicationwhether not later than two years after the apparent owner'sowner lastis indicationdeceased. of interest in the property.

(3)(a) Subject to Subsection (3)(b), if the holder does not send communications to the apparent owner of an account described in Subsection (1) by first-class United States mail on at least an annual basis, the holder shall attempt to confirm the apparent owner's interest in the property by sending the apparent owner an electronic mail communication not later than two years after the apparent owner's last indication of interest in the property.

(a) except as in Subsection (4)(b), the date a communication to contact the apparent owner sent by first-first-class class United States mail is returned to the holder undelivered;

67-4a-203.67-4a-203 (Effective 05/06/26).

Subject to Section 67-4a-208 and except for property described in Section 67-4a-202 and property held in a plan described in Section 529A, Internal Revenue Code, property held in an account or plan, including a health savings account, that qualifies for tax deferral or tax exemption under the income tax laws of the United States is presumed abandoned if the property- is21 unclaimed- byS.B. the apparent owner three years after the earlier of:

-155 22Enrolled -Copy SB0155property comparedis withunclaimed SB0155S02 (1) the date, if determinable by the holder,apparent specifiedowner inthree theyears incomeafter tax laws and regulations of the Unitedearlier Statesof: by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made;

(1) the date, if determinable by the holder, specified in the income tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made;

67-4a-903.67-4a-903 (Effective 05/06/26).

(1)(1)(a) (a) A person claiming to be the owner of property held under this chapter by the administrator may file a claim for the property on a form prescribed by the administrator.

(a)(a)(i) (i) the exclusive remedy for satisfying a creditor's judgement is payment of a claim under the act;

(3)(3)(a) (a) For a claim involving property of a decedent, one or more heirs or owners of the property may, on a form prescribed by the administrator, file a single claim for the property on behalf of all heirs or owners if:

and (ii)- a22 form- prescribedEnrolled byCopy theS.B. administrator, signed by each claimant, in which the claimant agrees to:

-155 23(ii) -a SB0155form comparedprescribed withby SB0155S02 (A) receive the propertyadministrator, insigned aby fiduciary capacity and equitably distribute to each ownerclaimant, thein portion of the property to which the ownerclaimant isagrees entitled;to:

(A) receive the property in a fiduciary capacity and equitably distribute to each owner the portion of the property to which the owner is entitled;

67-4a-904.67-4a-904 (Effective 05/06/26).

(1)(1)(a) (a) The administrator shall pay or deliver property to a claimant under Subsection 67-4a-903(1) if the administrator receives evidence sufficient to establish to the satisfaction of the administrator that the claimant is the owner of the property.

Section- 7.23 - S.B.

Effective155 date.Enrolled Copy Section 7.

{This(1) } Except as provided in Subsection (2), this bill takes effect {on } May 6, 2026.

- 24 - SB0155 compared with SB0155S02 (2) The actions affecting Section 59-1-403 (Effective 07/01/26)(Partially07/01/26) (Partially Repealed 07/01/29) take effect on July 1, 2026.

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