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KentuckyHB 4562026 Regular SessionHouse

AN ACT relating to the State Treasurer and unclaimed property.

Sponsored By: Chris Freeland (Republican)

Signed by Governor

Commendations And RecognitionsMinerals And MiningPropertyTreasurer

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Bill Overview

Analyzed Economic Effects

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

Higher fines for unclaimed property violations

Businesses that hold unclaimed property now face stronger civil fines. For evasion or not doing required duties, the administrator can charge $1,000 per day, up to $25,000, plus 25% of the value that should have been reported, paid, or delivered. For a fraudulent or incomplete report, the administrator can charge $1,000 per day from the report date until you fix it, up to $25,000, plus 25% of the amount you left out or underreported. These penalties are on top of interest owed under KRS 393A.730.

Sponsors & Cosponsors

Sponsor

  • Chris Freeland

    Republican • House

Cosponsors

  • George Brown Jr.

    Democrat • House

Roll Call Votes

All Roll Calls

Yes: 232 • No: 0

House vote • 3/31/2026

passed

Yes: 96 • No: 0

Senate vote • 3/20/2026

3rd reading, passed

Yes: 37 • No: 0

House vote • 2/18/2026

3rd reading, passed

Yes: 99 • No: 0

Actions Timeline

  1. signed by Governor (Acts Ch. 78)

    4/10/2026

  2. delivered to Governor

    3/31/2026

  3. enrolled, signed by President of the Senate

    3/31/2026House

  4. enrolled, signed by Speaker of the House

    3/31/2026House

  5. passed 96-0

    3/31/2026House

  6. House concurred in Committee Substitute (1)

    3/31/2026House

  7. posted for passage for concurrence in Senate Committee Substitute (1)

    3/27/2026Senate

  8. to Rules (H)

    3/20/2026House

  9. received in House

    3/20/2026House

  10. 3rd reading, passed 37-0 with Committee Substitute (1)

    3/20/2026Senate

  11. posted for passage in the Consent Orders of the Day for Friday, March 20 2026

    3/19/2026Senate

  12. 2nd reading, to Rules as a consent bill

    3/19/2026Senate

  13. reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)

    3/18/2026Senate

  14. to State & Local Government (S)

    3/9/2026Senate

  15. to Committee on Committees (S)

    2/19/2026Senate

  16. received in Senate

    2/19/2026Senate

  17. 3rd reading, passed 99-0

    2/18/2026House

  18. posted for passage in the Regular Orders of the Day for Wednesday, February 18 2026

    2/17/2026House

  19. 2nd reading, to Rules

    2/13/2026House

  20. reported favorably, 1st reading, to Calendar

    2/12/2026House

  21. to State Government (H)

    1/29/2026House

  22. to Committee on Committees (H)

    1/21/2026House

  23. introduced in House

    1/21/2026House

Bill Text

  • Current

    3/31/2026

    PDF

  • Introduced

    2/18/2026

    PDF

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