SB3415 amends the Revised Uniform Unclaimed Property Act to include overpayments to government entities as property.
SB3415 amends the Revised Uniform Unclaimed Property Act by expanding the definition of "property" to include any overpayment made to a government, governmental subdivision, agency, or instrumentality, such as excess tax, license, or fee payments. This change aims to clarify and restate existing law, ensuring that such overpayments are considered property under the Act. The bill takes effect immediately upon becoming law.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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