All Roll Calls
Yes: 149 • No: 0
UtahS.B. 1552026 General SessionSenateWALLET
Unclaimed Property Amendments
Sponsored By: Todd Weiler (Republican)
Signed by Governor
Income TaxState Tax CommissionRevenue and Taxation
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 1 benefits, 1 costs, 3 mixed.
Trustees and heirs can claim property
Beginning May 6, 2026, Utah recognizes trustees as owners of unclaimed property held in a trust. When no trustee is named, a beneficiary qualifies as an owner, except for a deposit in trust. An heir also qualifies if the deceased person qualified as the property's owner before death. These changes give qualifying trustees, beneficiaries, and heirs a path to claim the property.
Owners lose state protection for payouts
Beginning May 6, 2026, Utah is not liable for owners' losses from payments through the law's joint-claim payout process. This protection also covers the unclaimed-property administrator and state agents, officers, and employees. It includes losses when a claimant receives property but fails to share it fairly with other owners.
Heirs get joint claims with duties
Beginning May 6, 2026, heirs or owners can file one claim for deceased owners' property worth $100,000 or less. This option applies when several people are entitled to claim; it requires an affidavit and each claimant's signed agreement. Claimants must manage everyone's shares, distribute them fairly, and cover losses for the state and listed officials and agents. The office must pay or deliver covered property after receiving the required documents and decide claims within 90 days. No decision within 90 days counts as denial; denials must explain why and identify needed evidence. Claimants can amend their claims or bring a court action.
Tax data helps find property owners
Beginning July 1, 2026, Utah tax officials must share available identifying tax-return information when the unclaimed-property administrator requests it. This includes names, addresses, phone numbers, email addresses, counties, and Social Security or federal employer identification numbers. The information comes from individual or corporate income tax returns, and federal law limits disclosure. The administrator can use it only to return unclaimed property and must keep it confidential. This can help locate owners while allowing another state office to receive sensitive tax information.
Dormant tax-favored accounts face new deadlines
Beginning May 6, 2026, Utah sets abandonment deadlines for unclaimed retirement accounts qualifying for tax deferral or exemption. The deadline is the later of three years after specified returned-mail dates or the earlier of two distribution deadlines. Those deadlines are three years after the applicable required-distribution age, when determinable, and one year after a mandatory distribution following death. The death deadline requires a distribution to avoid a tax penalty and the account holder's receipt or confirmation of death notice. A separate rule covers other tax-deferred or tax-exempt accounts, excluding retirement accounts under the retirement rule and Section 529A plans. These accounts become abandoned three years after the earlier of a required distribution start date with no distribution or 30 years after opening.
Sponsors & Cosponsors
Sponsor
Todd Weiler
Republican • Senate
Cosponsors
Anthony E. Loubet
Republican • House
Roll Call Votes
House vote • 2/26/2026
House/ passed 3rd reading
Yes: 62 • No: 0
House vote • 2/24/2026
House Comm - Consent Calendar Recommendation
Yes: 10 • No: 0
House vote • 2/24/2026
House Comm - Favorable Recommendation
Yes: 10 • No: 0
Senate vote • 2/12/2026
Senate/ passed 3rd reading
Yes: 27 • No: 0
Senate vote • 2/12/2026
Senate/ circled
Yes: 0 • No: 0
Senate vote • 2/12/2026
Senate/ uncircled
Yes: 0 • No: 0
Senate vote • 2/11/2026
Senate/ substituted
Yes: 0 • No: 0
Senate vote • 2/11/2026
Senate/ uncircled
Yes: 0 • No: 0
Senate vote • 2/11/2026
Senate/ passed 2nd reading
Yes: 28 • No: 0
Senate vote • 2/6/2026
Senate/ circled
Yes: 0 • No: 0
Senate vote • 1/23/2026
Senate Comm - Substitute Recommendation
Yes: 6 • No: 0
Senate vote • 1/23/2026
Senate Comm - Favorable Recommendation
Yes: 6 • No: 0
Actions Timeline
Governor Signed
3/23/2026Senate/ to Governor
3/11/2026SenateSenate/ received enrolled bill from Printing
3/11/2026SenateSenate/ enrolled bill to Printing
3/5/2026SenateEnrolled Bill Returned to House or Senate
3/5/2026Draft of Enrolled Bill Prepared
3/2/2026Bill Received from Senate for Enrolling
3/2/2026Senate/ signed by President/ sent for enrolling
2/26/2026SenateSenate/ received from House
2/26/2026SenateHouse/ to Senate
2/26/2026HouseHouse/ signed by Speaker/ returned to Senate
2/26/2026HouseHouse/ passed 3rd reading
2/26/2026HouseHouse/ 3rd reading
2/26/2026HouseHouse/ 2nd reading
2/24/2026HouseHouse/ comm rpt/ placed on Consent Calendar
2/24/2026HouseHouse Comm - Consent Calendar Recommendation
2/24/2026House Comm - Favorable Recommendation
2/24/2026House/ to standing committee
2/20/2026HouseHouse/ 1st reading (Introduced)
2/18/2026HouseHouse/ received from Senate
2/18/2026HouseSenate/ to House
2/18/2026SenateSenate/ passed 3rd reading
2/12/2026SenateSenate/ uncircled
2/12/2026SenateSenate/ circled
2/12/2026SenateSenate/ 3rd reading
2/12/2026Senate
Bill Text
Enrolled
3/5/2026
Substitute #2
2/6/2026
Substitute #1
1/23/2026
Introduced
1/19/2026