Unclaimed property
REVISED UNCLAIMED PROPERTY ACT – Repeals and adds to existing law to enact the Revised Unclaimed Property Act.

RS31032 / H0471

Idaho’s unclaimed property law, Title 14, Chapter 5, has not undergone a complete update since 1983. Since then, changes to policy have been piecemeal and sporadic.

This legislation seeks to revise and organize the unclaimed property code so it will be business and constituent-friendly, technologically current, and garners no new authority for the governing agency.

This legislation provides detailed roadmaps for businesses to follow when reporting unclaimed property and clear protocols for dormancy triggers. The updates are consistent with existing Idaho law which include laws governing confidentiality, data breaches and best practices.

The adoption of this revision will have no fiscal impact.

Bill Events
Date Description
02/02 Introduced, read first time, referred to JRA for Printing
02/05 Reported Printed and Referred to State Affairs
02/09 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
02/12 Read second time; Filed for Third Reading
02/13 Read Third Time in Full – PASSED - 67-0-3
AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill(Brown), Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nash(Stinson), Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker
NAYS – None
Absent – Berch, Ehardt, Roberts
Floor Sponsor - Alfieri
Title apvd - to Senate
02/14 Received from the House passed; filed for first reading
02/14 Introduced, read first time; referred to: State Affairs
02/21 Reported out of Committee with Do Pass Recommendation; Filed for second reading
02/22 Read second time; filed for Third Reading
03/05 Retained on calendar
03/06 Read third time in full – PASSED - 34-0-1
AYES – Anthon, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld
NAYS – None
Absent and excused – Adams
Floor Sponsor - Lenney
Title apvd - to House
03/07 Returned from Senate Passed; to JRA for Enrolling
03/07 Reported Enrolled; Signed by Speaker; Transmitted to Senate
03/08 Received from the House enrolled/signed by Speaker
03/08 Signed by President; returned to House
03/11 Returned Signed by the President; Ordered Transmitted to Governor
03/11 Delivered to Governor at 10:33 a.m. on March 11, 2024
03/12 Reported Signed by Governor on March 11, 2024
Session Law Chapter 27
Effective: 07/01/2024