An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in disposition of abandoned and unclaimed property, further providing for claim for property paid or delivered.

PRINTER'S NO. 472
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 488
Session of
2025
INTRODUCED BY M. BROWN, KAUFFMAN, MARCELL, COOPER, ROWE AND
BASHLINE, FEBRUARY 4, 2025
REFERRED TO COMMITTEE ON STATE GOVERNMENT, FEBRUARY 4, 2025
AN ACT
Amending the act of April 9, 1929 (P.L.343, No.176), entitled
"An act relating to the finances of the State government;
providing for cancer control, prevention and research, for
ambulatory surgical center data collection, for the Joint
Underwriting Association, for entertainment business
financial management firms, for private dam financial
assurance and for reinstatement of item vetoes; providing for
the settlement, assessment, collection, and lien of taxes,
bonus, and all other accounts due the Commonwealth, the
collection and recovery of fees and other money or property
due or belonging to the Commonwealth, or any agency thereof,
including escheated property and the proceeds of its sale,
the custody and disbursement or other disposition of funds
and securities belonging to or in the possession of the
Commonwealth, and the settlement of claims against the
Commonwealth, the resettlement of accounts and appeals to the
courts, refunds of moneys erroneously paid to the
Commonwealth, auditing the accounts of the Commonwealth and
all agencies thereof, of all public officers collecting
moneys payable to the Commonwealth, or any agency thereof,
and all receipts of appropriations from the Commonwealth,
authorizing the Commonwealth to issue tax anticipation notes
to defray current expenses, implementing the provisions of
section 7(a) of Article VIII of the Constitution of
Pennsylvania authorizing and restricting the incurring of
certain debt and imposing penalties; affecting every
department, board, commission, and officer of the State
government, every political subdivision of the State, and
certain officers of such subdivisions, every person,
association, and corporation required to pay, assess, or
collect taxes, or to make returns or reports under the laws
imposing taxes for State purposes, or to pay license fees or
other moneys to the Commonwealth, or any agency thereof,
every State depository and every debtor or creditor of the
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Commonwealth," in disposition of abandoned and unclaimed
property, further providing for claim for property paid or
delivered.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1301.19(b) of the act of April 9, 1929
(P.L.343, No.176), known as The Fiscal Code, amended July 17,
2024 (P.L.910, No.81), is amended to read:
Section 1301.19. Claim for Property Paid or Delivered.--* *
*
(b) Regardless of whether a claim is filed under subsection
(a), the State Treasurer may pay or deliver any property paid or
delivered to the Commonwealth under this article, or the
proceeds from the sale of the property, to a person if the State
Treasurer finds that a report filed under section 1301.11
identifies the person as the sole owner of the property and the
value of the property or proceeds is less than five [hundred
dollars ($500)] thousand dollars ($5,000).
Section 2. This act shall take effect in 60 days.
20250HB0488PN0472 - 2 -
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