SB3415

SB3415 amends the Revised Uniform Unclaimed Property Act to include overpayments to government entities as property subject to escheat laws.

SB3415 amends the Revised Uniform Unclaimed Property Act by clarifying and restating existing law to include any overpayment made by any person to a government, governmental subdivision, agency, or instrumentality as property subject to escheat laws. This means that if a person pays more than the required amount for a tax, license, or fee, and the excess amount remains unclaimed, it will be considered abandoned property and subject to the state's escheat process. The changes are effective immediately upon becoming law.