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Bills · 2019-2020 Regular Session

AB 752

Died at session end Official bill text Atom feed

Relating to: the revised uniform unclaimed property act. (FE)

Personal property Revenue department of Uniform legislation

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill adopts the revised Uniform Unclaimed Property Act (the act), as

approved by the Uniform Law Commission, also known as the National Conference

of Commissioners on Uniform State Laws. The act under current law is based on

earlier versions of the act that were last updated in 1995. The act requires a holder

of unclaimed property to submit that property to the state after a certain time has

passed, a period referred to as a dormancy period. The state then attempts to return

the property to its rightful owner. Generally, if the state is unable to return the

property to its owner, the state may retain the property. Under current law, a holder

of unclaimed property submits the property to the secretary of revenue who is the

administrator of the act. The bill designates the Department of Revenue as the

administrator and makes various changes to the act in order to make the act easier

to administer. For example, the bill updates the act to address the disposition of

unclaimed gift cards, life insurance benefits, securities, and virtual currencies. The

bill also organizes the act chapter into subchapters in order to facilitate the act's

administration.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: August (R)

4 cosponsors

McGuire (D) , Petrowski (R) , Smith (D) , Tusler (R)

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by Committee on State Affairs, Ayes 13, Noes 0

Passed 13–0 Jan 31, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage as amended recommended by Committee on State Affairs, Ayes 13, Noes 0

Passed 13–0 Jan 31, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: PASSAGE

Passed 99–0 Feb 20, 2020 official source full page

Aye · 99

Senate: Report concurrence recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

Passed 9–0 Mar 16, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jan 16, 2020 · Assembly

    Introduced by Representative August; cosponsored by Senator Petrowski

  2. Jan 16, 2020 · Assembly

    Read first time and referred to Committee on State Affairs

  3. Jan 16, 2020 · Assembly

    Representative McGuire added as a coauthor

  4. Jan 16, 2020 · Assembly

    Senator Smith added as a cosponsor

  5. Jan 21, 2020 · Assembly

    Representative Tusler added as a coauthor

  6. Jan 22, 2020 · Assembly

    Fiscal estimate received

  7. Jan 22, 2020 · Assembly

    Public hearing held

  8. Jan 28, 2020 · Assembly

    Assembly Amendment 1 offered by Representative August

  9. Jan 29, 2020 · Assembly

    Executive action taken

  10. Jan 31, 2020 · Assembly

    Report passage as amended recommended by Committee on State Affairs, Ayes 13, Noes 0

  11. Jan 31, 2020 · Assembly

    Referred to committee on Rules

  12. Jan 31, 2020 · Assembly

    Report Assembly Amendment 1 adoption recommended by Committee on State Affairs, Ayes 13, Noes 0

  13. Feb 5, 2020 · Assembly

    LRB correction (Assembly Amendment 1)

  14. Feb 18, 2020 · Assembly

    Made a special order of business at 10:47 AM on 2-20-2020 pursuant to Assembly Resolution 21

  15. Feb 19, 2020 · Assembly

    Assembly Amendment 1 to Assembly Amendment 1 offered by Representative August

  16. Feb 19, 2020 · Assembly

    Assembly Amendment 2 offered by Representative August

  17. Feb 20, 2020 · Assembly

    Read a second time

  18. Feb 20, 2020 · Assembly

    Assembly Amendment 1 to Assembly Amendment 1 adopted

  19. Feb 20, 2020 · Assembly

    Assembly Amendment 1 adopted

  20. Feb 20, 2020 · Assembly

    Assembly Amendment 2 adopted

  21. Feb 20, 2020 · Assembly

    Ordered to a third reading

  22. Feb 20, 2020 · Assembly

    Rules suspended

  23. Feb 20, 2020 · Assembly

    Read a third time and passed, Ayes 99, Noes 0

  24. Feb 20, 2020 · Assembly

    Ordered immediately messaged

  25. Feb 21, 2020 · Senate

    Received from Assembly

  26. Feb 28, 2020 · Senate

    Read first time and referred to committee on Agriculture, Revenue and Financial Institutions

  27. Mar 11, 2020 · Senate

    Public hearing held

  28. Mar 16, 2020 · Senate

    Executive action taken

  29. Mar 16, 2020 · Senate

    Report concurrence recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

  30. Mar 16, 2020 · Senate

    Available for scheduling

  31. Apr 1, 2020 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1