# Connecticut SB 01434: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS CONCERNING UNCLAIMED PROPERTY.

Connecticut SB 01434, AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS CONCERNING UNCLAIMED PROPERTY., is a 2025 Regular Session Senate bill sponsored by Government Administration and Elections Committee; status signed, last action 2025-06-23 (Signed by the Governor); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/CT-SB01434-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Connecticut SB 01434
- State: Connecticut
- Session: 2025 Regular Session
- Title: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS CONCERNING UNCLAIMED PROPERTY.
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-28
- Last action: 2025-06-23, Signed by the Governor
- Sponsor: Government Administration and Elections Committee
- Cosponsors: 0
- Subjects: government administration and elections
- Touches household money: yes
- Roll calls: 3 (202 yes, 0 no in all)
- Economic provisions PRIA read: 7

## Summary

To make revisions to provisions concerning unclaimed property, including providing when funeral service contracts are deemed abandoned, redefining "last-known address", creating a process to escheat property solely owned by a state agency, authorize a process to donate approved claims for charitable purposes and require notification for properties valued at fifty dollars or more.

## Bill overview: provisions PRIA read

- Owners get notices about unclaimed property: benefit, low. Beginning July 1, 2025, holders must take reasonable steps to prevent abandonment and notify owners between July 1 and September 30. First-class mail is required when an owner's property totals at least $50 and the address allows delivery. Email notice is required when the owner consented to requir…
- State offices' unclaimed funds become state property: cost, low. Beginning July 1, 2025, the Treasurer may report abandoned property owned solely by specified state offices or executive departments to the Office of Policy and Management. Covered offices include the Secretary of the State, Comptroller, Attorney General, and Treasurer. Unless the management office…
- New abandonment rules for funeral funds: mixed, low. The law covers property under funeral service contracts entered into or in effect on or after July 1, 2025. Funds become payable at the earliest of three triggers: death notification for an escrow-backed contract, the beneficiary reaching 110, or 75 years after signing. The funds become presumed ab…
- Owners can choose to donate claims: mixed, low. Beginning July 1, 2025, the Treasurer has authority to create an unclaimed-property donation program; the law does not require one. If established, owners can donate their entire approved claim to one or more listed state accounts. Eligible accounts support organ transplants, AIDS research and educ…
- Virtual currency enters unclaimed property system: mixed, low. Beginning July 1, 2025, virtual currency expressly counts as property under Connecticut's unclaimed-property law. Owners gain access to the state's claims process, but their currency also becomes subject to abandonment and transfer rules. Notices may warn that virtual currency can be sold and that…
- New transfer rules for unclaimed property: mixed, low. Beginning July 1, 2025, holders must report and deliver abandoned property by March 31 after the year abandonment is presumed. Certain physical items instead must be sold, with net proceeds sent within 30 days after the report is filed. Holders can deduct storage, appraisal, advertising, sales comm…
- Stronger records and unclaimed property enforcement: mixed, low. Beginning July 1, 2025, holders must generally keep unclaimed-property records for at least 10 years after filing or the reporting deadline. This includes records supporting ownership rights and decisions not to report items; the Treasurer may allow a shorter period. Reports must include owner deta…

## Sponsors and cosponsors

- Sponsor: Government Administration and Elections Committee

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-12 | House | House Roll Call Vote 274 AS AMENDED | pass | 148 | 0 |   |
| 2025-03-12 | Senate | Senate Roll Call Vote 139 | pass | 35 | 0 |   |
| 2025-03-12 | Senate | GAE Vote Tally Sheet (Joint Favorable Substitute) | pass | 19 | 0 |   |

## Actions (20)

- 2025-06-23: Signed by the Governor (legislature)
- 2025-06-16: Transmitted by Secretary of the State to Governor (legislature)
- 2025-06-16: Transmitted to the Secretary of State (legislature)
- 2025-06-10: Public Act 25-81 (legislature)
- 2025-06-02: In Concurrence (legislature)
- 2025-06-02: House Passed as Amended by Senate Amendment Schedule A (House)
- 2025-06-02: House Adopted Senate Amendment Schedule A (House)
- 2025-05-09: House Calendar Number 573 (House)
- 2025-05-09: Favorable Report, Tabled for the Calendar, House (House)
- 2025-05-08: Senate Passed as Amended by Senate Amendment Schedule A (Senate)
- 2025-05-08: Senate Adopted Senate Amendment Schedule A 7967 (Senate)
- 2025-03-31: File Number 340 (legislature)
- 2025-03-31: Senate Calendar Number 214 (Senate)
- 2025-03-31: Favorable Report, Tabled for the Calendar, Senate (Senate)
- 2025-03-31: Reported Out of Legislative Commissioners' Office (legislature)
- 2025-03-24: Referred to Office of Legislative Research and Office of Fiscal Analysis 03/31/25 12:00 PM (legislature)
- 2025-03-13: Filed with Legislative Commissioners' Office (legislature)
- 2025-03-12: Joint Favorable Substitute (legislature)
- 2025-03-03: Public Hearing 03/07 (legislature)
- 2025-02-28: Referred to Joint Committee on Government Administration and Elections (legislature)

## Bill text

- Public Act No. 25-81, 2025-06-10: [PDF](https://www.cga.ct.gov/2025/ACT/PA/PDF/2025PA-00081-R00SB-01434-PA.PDF)
- File No. 340, 2025-03-31: [PDF](https://www.cga.ct.gov/2025/FC/PDF/2025SB-01434-R000340-FC.PDF)
- GAE Joint Favorable Substitute, 2025-03-12: [PDF](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01434-R01-SB.PDF)
- Raised Bill, 2025-02-28: [PDF](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01434-R00-SB.PDF)
- Bill Analysis For File Copy 340: [PDF](https://www.cga.ct.gov/2025/BA/PDF/2025SB-01434-R000340-BA.PDF)
- Bill Analysis for SB-1434, as amended by Senate "A": [PDF](https://www.cga.ct.gov/2025/BA/PDF/2025SB-01434-R01-BA.PDF)
- Fiscal Note For File Copy 340: [PDF](https://www.cga.ct.gov/2025/FN/PDF/2025SB-01434-R000340-FN.PDF)
- Fiscal Note for Amendment LCO 7967 (No Fiscal Impact): [PDF](https://www.cga.ct.gov/2025/fna/pdf/2025SB-01434-R00LCO07967-FNA.PDF)
- Fiscal Note for SB-1434, As Amended by Senate "A" (LCO 7967): [PDF](https://www.cga.ct.gov/2025/FN/PDF/2025SB-01434-R01-FN.PDF)
- GAE Joint Fav. Rpt: [PDF](https://www.cga.ct.gov/2025/JFR/S/PDF/2025SB-01434-R00GAE-JFR.PDF)
- GAE Vote Tally Sheet (Joint Favorable Substitute): [PDF](https://www.cga.ct.gov/2025/TS/S/PDF/2025SB-01434-R00GAE-CV84-TS.PDF)
- House Roll Call Vote 274 AS AMENDED: [PDF](https://www.cga.ct.gov/2025/VOTE/H/PDF/2025HV-00274-R00SB01434-HV.PDF)
- Senate Roll Call Vote 139: [PDF](https://www.cga.ct.gov/2025/VOTE/S/PDF/2025SV-00139-R00SB01434-SV.PDF)
- Senate Schedule A LCO# 7967 (D): [PDF](https://www.cga.ct.gov/2025/amd/S/pdf/2025SB-01434-R00SA-AMD.pdf)
- Summary for Public Act No. 25-81: [PDF](https://www.cga.ct.gov/2025/SUM/PDF/2025SUM00081-R02SB-01434-SUM.PDF)

## Related bills

- HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST. (signed)
- SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF THE STATE. (signed)
- SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES. (signed)
- SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNPAID SEWER ASSESSMENTS AND OTHER FEES AND CHARGES. (signed)
- HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS. (signed)
- HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE. (signed)

## Sources
- [Public Act No. 25-81 (PDF)](https://www.cga.ct.gov/2025/ACT/PA/PDF/2025PA-00081-R00SB-01434-PA.PDF)
- [File No. 340 (PDF)](https://www.cga.ct.gov/2025/FC/PDF/2025SB-01434-R000340-FC.PDF)
- [GAE Joint Favorable Substitute (PDF)](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01434-R01-SB.PDF)
- [Raised Bill (PDF)](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01434-R00-SB.PDF)
- [Bill Analysis For File Copy 340 (PDF)](https://www.cga.ct.gov/2025/BA/PDF/2025SB-01434-R000340-BA.PDF)
- [Bill Analysis for SB-1434, as amended by Senate "A" (PDF)](https://www.cga.ct.gov/2025/BA/PDF/2025SB-01434-R01-BA.PDF)
- [Fiscal Note For File Copy 340 (PDF)](https://www.cga.ct.gov/2025/FN/PDF/2025SB-01434-R000340-FN.PDF)
- [Fiscal Note for Amendment LCO 7967 (No Fiscal Impact) (PDF)](https://www.cga.ct.gov/2025/fna/pdf/2025SB-01434-R00LCO07967-FNA.PDF)
- [Fiscal Note for SB-1434, As Amended by Senate "A" (LCO 7967) (PDF)](https://www.cga.ct.gov/2025/FN/PDF/2025SB-01434-R01-FN.PDF)
- [GAE Joint Fav. Rpt (PDF)](https://www.cga.ct.gov/2025/JFR/S/PDF/2025SB-01434-R00GAE-JFR.PDF)
- [GAE Vote Tally Sheet (Joint Favorable Substitute) (PDF)](https://www.cga.ct.gov/2025/TS/S/PDF/2025SB-01434-R00GAE-CV84-TS.PDF)
- [House Roll Call Vote 274 AS AMENDED (PDF)](https://www.cga.ct.gov/2025/VOTE/H/PDF/2025HV-00274-R00SB01434-HV.PDF)
- [Senate Roll Call Vote 139 (PDF)](https://www.cga.ct.gov/2025/VOTE/S/PDF/2025SV-00139-R00SB01434-SV.PDF)
- [Senate Schedule A LCO# 7967 (D) (PDF)](https://www.cga.ct.gov/2025/amd/S/pdf/2025SB-01434-R00SA-AMD.pdf)
- [Summary for Public Act No. 25-81 (PDF)](https://www.cga.ct.gov/2025/SUM/PDF/2025SUM00081-R02SB-01434-SUM.PDF)

## Related
- [HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST.](https://policyrisk.com/state-bill/CT-HB05013-2025)
- [SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF T…](https://policyrisk.com/state-bill/CT-SB01558-2025)
- [SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES.](https://policyrisk.com/state-bill/CT-SB01396-2025)
- [SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNP…](https://policyrisk.com/state-bill/CT-SB01187-2025)
- [HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS.](https://policyrisk.com/state-bill/CT-HB07236-2025)
- [HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE.](https://policyrisk.com/state-bill/CT-HB07192-2025)
- [Connecticut bills](https://policyrisk.com/states/connecticut/bills)
- [Connecticut state hub](https://policyrisk.com/states/connecticut)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/CT-SB01434-2025 (as of 2026-10-17).