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HB0054 • 2026

Unclaimed Property

AN ACT to amend Tennessee Code Annotated, Title 43; Title 44; Title 47; Title 48 and Title 66, relative to property.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Moon, Hatcher
Last action
2025-01-15
Official status
caption bill, held on desk - pending amdt.
Effective date
Not listed

Plain English Breakdown

The official summary and bill text do not provide details on how often reports must be sent or potential penalties for non-compliance with electronic submission.

Unclaimed Property Reporting

This bill allows Tennessee's treasurer to submit annual reports about unclaimed property electronically.

What This Bill Does

  • Changes how the treasurer can send yearly reports about abandoned or lost money and items.
  • Allows the report to be sent through email or online, not just by mail.

Who It Names or Affects

  • The state treasurer who sends these reports.
  • Government officials in the executive and legislative branches who receive the reports.

Terms To Know

Unclaimed property
Money or items that belong to someone but have not been claimed by them, such as old bank accounts or forgotten gifts.
Treasurer
A person in charge of managing money and financial records for a government.

Limits and Unknowns

  • The bill does not specify how often the reports must be sent.
  • It is unclear if there are any penalties for not sending the report electronically.

Bill History

  1. 2025-01-15 Tennessee General Assembly

    caption bill, held on desk - pending amdt.

  2. 2025-01-15 Tennessee General Assembly

    P2C held on desk, pending appointment of Standing Committees

  3. 2025-01-15 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  4. 2025-01-14 Tennessee General Assembly

    Intro., P1C.

  5. 2025-01-14 Tennessee General Assembly

    Introduced, Passed on First Consideration

  6. 2025-01-13 Tennessee General Assembly

    Filed for introduction

  7. 2024-12-30 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 118
By Hatcher

HOUSE BILL 54
By Moon

HB0054
000993
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 43;
Title 44; Title 47; Title 48 and Title 66, relative to
property.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 66-29-165(b), is amended by
designating the existing language as subdivision (b)(1) and adding the following as subdivision
(b)(2):
(2) The report may be submitted electronically.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.