All Roll Calls
Yes: 102 • No: 0
IdahoH 01652025 regular legislative sessionHouse
PROPERTY – Amends existing law to revise provisions regarding abandoned property.
Sponsored By: STATE AFFAIRS COMMITTEE
Signed by Governor
PROPERTY
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
New contact rules for unclaimed accounts
Beginning July 1, 2025, securities holders that do not send first-class mail must try email contact within two years of the owner's last sign of interest. They must promptly try first-class mail if email contact information is missing or invalid, delivery fails, or no reply arrives within 30 days. A security is presumed abandoned five years after that mailed notice is returned undelivered. For automatically renewable savings or time deposits, the law sets maturity at the initial maturity date plus one renewal. Deposits are presumed abandoned five years after maturity or the owner's last sign of interest, whichever is later.
Shorter first reports for unclaimed property
Beginning July 1, 2025, Idaho shortens the first-report lookback for property newly covered by its unclaimed-property reporting rules. Holders must include property that would have been presumed abandoned during the two years before July 1, 2024. This replaces the former seven-year lookback. Duties arising before July 1, 2024, remain subject to the earlier law, including its enforcement rules and penalties.
Sponsors & Cosponsors
Sponsor
STATE AFFAIRS COMMITTEE
Affiliation unavailable
Cosponsors
Joe Alfieri
Republican • House
Ben Toews
Republican • Senate
Roll Call Votes
Senate vote • 3/6/2025
Senate Floor Vote
Yes: 35 • No: 0
House vote • 2/20/2025
House Floor Vote
Yes: 67 • No: 0
Actions Timeline
Reported Signed by Governor on March 12, 2025 Session Law Chapter 41 Effective: 07/01/2025
3/13/2025Delivered to Governor at 8:10 a.m. on March 11, 2025
3/11/2025Returned Signed by the President; Ordered Transmitted to Governor
3/10/2025SenateSigned by President; returned to House
3/10/2025SenateReceived from the House enrolled/signed by Speaker
3/10/2025SenateReported Enrolled; Signed by Speaker; Transmitted to Senate
3/7/2025HouseReturned from Senate Passed; to JRA for Enrolling
3/6/2025HouseRead third time in full – PASSED - 35-0-0
3/6/2025SenateRead second time; filed for Third Reading
2/26/2025SenateReported out of Committee with Do Pass Recommendation; Filed for second reading
2/25/2025SenateIntroduced, read first time; referred to: Local Government & Taxation
2/21/2025SenateReceived from the House passed; filed for first reading
2/21/2025SenateRead Third Time in Full – PASSED - 67-0-3
2/20/2025HouseU.C. to hold place on third reading calendar one legislative day
2/19/2025HouseRead second time; Filed for Third Reading
2/18/2025HouseReported out of Committee with Do Pass Recommendation, Filed for Second Reading
2/17/2025HouseReported Printed and Referred to Revenue & Taxation
2/7/2025HouseIntroduced, read first time, referred to JRA for Printing
2/6/2025House
Bill Text
Bill Text
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