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SB0118 • 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
Hatcher, Moon
Last action
2025-01-15
Official status
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The official summary does not provide details on how often reports must be submitted or if there will be cost savings.

Unclaimed Property Reporting Act

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

What This Bill Does

  • Changes a law so the treasurer can send an electronic report about unclaimed property.
  • The report includes information like how much and what kind of unclaimed property there is.

Who It Names or Affects

  • Tennessee's treasurer
  • Government officials who receive the reports

Terms To Know

Unclaimed Property
Money or items that belong to someone but have not been claimed.

Limits and Unknowns

  • The bill does not specify how often these reports must be sent.
  • It is unclear if this change will save money for the state.

Bill History

  1. 2025-01-15 Tennessee General Assembly

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

  2. 2025-01-15 Tennessee General Assembly

    caption bill, held on desk - pending amdt.

  3. 2025-01-15 Tennessee General Assembly

    P2C held on desk, pending appointment of Standing Committees

  4. 2025-01-14 Tennessee General Assembly

    Introduced, Passed on First Consideration

  5. 2025-01-14 Tennessee General Assembly

    Intro., P1C.

  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 
HOUSE BILL 54
By Moon

SENATE BILL 118
By Hatcher

SB0118
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.