IllinoisHB4541104th General Assembly (2025–2026)HouseWALLET

RUUPA OVERPAYMENTS

Sponsored By: Sponsor information unavailable

Became Law

Summary

Amends the Revised Uniform Unclaimed Property Act. Includes within the definition of "property" any overpayment made by any person to a government, governmental subdivision, agency, or instrumentality, including, but not limited to, a payment for any tax, license, or fee that was made in excess of the amount ultimately required of the payor. Provides that the changes made by the amendatory Act is a restatement and clarification of existing law. Effective immediately.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Lower finder fees and new rules

Finder fees are capped at 10% of the money recovered. Contracts made after property is presumed abandoned until 24 months after the Treasurer gets it are void. Any clause that assigns obligations that did not exist when signed is void. These limits do not cover a real attorney‑client deal to recover a named property or appeal a denial. Businesses (not individuals) may use a registered CPA in good standing to help with reporting. Starting January 1, 2026, finders must be licensed by the State Treasurer. The Treasurer can use full enforcement powers to police these agreements.

New rules for asset purchasers

Asset purchasers who file claims must register with the Treasurer and submit a full, unredacted purchase agreement. They must include a seller attestation that the seller is a large business (at least $100 million in sales, 100+ U.S. full‑time employees, or publicly traded); a recent SEC Form 10‑K may be used for public sellers. If the deal includes future interests in property held by the Treasurer, the seller must get notice of any amounts recovered, and the contract may share proceeds, adjust price, or defer payment. Purchase agreements and seller affirmations are confidential and exempt from FOIA. Article 13 does not apply to purchases from bankruptcy or dissolution, and buyers in those deals do not need a finder license. Deals with large businesses are outside Article 13; the Treasurer may lower the $100 million test by rule. The Treasurer may ask for more proof of ownership. These rules apply retroactively to claims filed between January 1, 2026, and the Act’s effective date; post‑January 1, 2026 claims based on pre‑2026 agreements must include the unredacted agreement and otherwise follow the prior rules.

You can reclaim government overpayments

Beginning January 1, 2026, any extra amount you pay to a government for a tax, license, or fee counts as unclaimed property. Agencies must report and hold these overpayments under the state’s unclaimed property rules. You can file a claim with the State Treasurer to get your money back.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Christopher Belt

    Affiliation unavailable

  • Diane Blair-Sherlock

    Affiliation unavailable

  • Jason Plummer

    Affiliation unavailable

  • Lakesia Collins

    Affiliation unavailable

  • Robert F. Martwick

    Affiliation unavailable

  • Sara Feigenholtz

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 175 • No: 0

Senate vote 5/14/2026

Third Reading - Passed;

Yes: 58 • No: 0

House vote 4/8/2026

Third Reading - Short Debate - Passed

Yes: 108 • No: 0 • Other: 2

House vote 3/19/2026

Do Pass as Amended / Short Debate State Government Administration Committee;

Yes: 9 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0496

    6/26/2026House
  2. Effective Date June 26, 2026

    6/26/2026House
  3. Governor Approved

    6/26/2026House
  4. Sent to the Governor

    6/12/2026House
  5. Added as Alternate Co-Sponsor Sen. Sara Feigenholtz

    5/19/2026Senate
  6. Added as Alternate Co-Sponsor Sen. Christopher Belt

    5/15/2026Senate
  7. Passed Both Houses

    5/14/2026House
  8. Added as Alternate Co-Sponsor Sen. Jason Plummer

    5/14/2026Senate
  9. Added as Alternate Co-Sponsor Sen. Lakesia Collins

    5/14/2026Senate
  10. Third Reading - Passed; 058-000-000

    5/14/2026Senate
  11. Placed on Calendar Order of 3rd Reading May 5, 2026

    4/30/2026Senate
  12. Second Reading

    4/30/2026Senate
  13. Placed on Calendar Order of 2nd Reading April 28, 2026

    4/22/2026Senate
  14. Approved for Consideration Assignments

    4/22/2026Senate
  15. Referred to Assignments

    4/14/2026Senate
  16. First Reading

    4/14/2026Senate
  17. Chief Senate Sponsor Sen. Robert F. Martwick

    4/14/2026Senate
  18. Placed on Calendar Order of First Reading April 14, 2026

    4/10/2026Senate
  19. Arrive in Senate

    4/10/2026Senate
  20. Third Reading - Short Debate - Passed 108-000-002

    4/8/2026House
  21. Placed on Calendar Order of 3rd Reading - Short Debate

    4/7/2026House
  22. Second Reading - Short Debate

    4/7/2026House
  23. Placed on Calendar 2nd Reading - Short Debate

    3/20/2026House
  24. House Committee Amendment No. 1 Tabled

    3/19/2026House
  25. Do Pass as Amended / Short Debate State Government Administration Committee; 009-000-000

    3/19/2026House

Bill Text

  • Engrossed

  • Enrolled

  • House Amendment 1

  • House Amendment 2

  • Introduced

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