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HB1265 • 2026

Treasurer, State

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

Budget
Active

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

Sponsor
Faison, Walley
Last action
2025-02-12
Official status
P2C, caption bill, held on desk - pending amdt.
Effective date
Not listed

Plain English Breakdown

The official summary does not specify that the bill updates the Tennessee Code Annotated or requires specific individuals to receive the report. These details were removed as they are not supported by the provided source material.

Shortening Report Deadline for Unclaimed Property

This bill changes the time limit for the state treasurer to submit reports about unclaimed property from four months to three months after the end of a fiscal year.

What This Bill Does

  • Changes the law so that the state treasurer must send reports about unclaimed property within three months instead of four months after the fiscal year ends.

Who It Names or Affects

  • The state treasurer who must submit these reports.
  • The governor, comptroller of the treasury, and legislative leaders who receive the report.

Terms To Know

Treasurer
A person in charge of managing a government's money and financial records.
Fiscal Year
The period used for calculating budgets, usually from July 1 to June 30.

Limits and Unknowns

  • Does not specify the consequences if the report is submitted late.
  • It does not change how unclaimed property is handled other than the reporting time frame.

Bill History

  1. 2025-12-01 Tennessee General Assembly

    Withdrawn.

  2. 2025-03-18 Tennessee General Assembly

    Assigned to General Subcommittee of Senate Commerce and Labor Committee

  3. 2025-03-13 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/18/2025

  4. 2025-03-11 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/18/2025

  5. 2025-03-05 Tennessee General Assembly

    Sponsor change.

  6. 2025-02-12 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  7. 2025-02-12 Tennessee General Assembly

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

  8. 2025-02-10 Tennessee General Assembly

    Intro., P1C.

  9. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  10. 2025-02-06 Tennessee General Assembly

    Filed for introduction

  11. 2025-02-05 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 1113
By Johnson

HOUSE BILL 1265
By Faison

HB1265
002858
- 1 -

AN ACT to amend Tennessee Code Annotated, 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(a), is amended by
deleting "four (4)" and substituting "three (3)".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.