Illinois HB4541 amends the Revised Uniform Unclaimed Property Act to include overpayments as property.
HB4541 amends the Revised Uniform Unclaimed Property Act by expanding the definition of "property" to include any overpayment made to a government or governmental entity. This includes payments for taxes, licenses, or fees that exceed the required amount. The bill clarifies existing law and takes effect immediately upon becoming law.
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