WA People
BILL · 2015–16 SESSION

SB 5543: Unclaimed property laws

Improving the administration of unclaimed property laws.

Summary

  • The penalty provisions of the Act are restructured. The current 100 percent penalty for willful failure to file a report or provide notice to apparent property owners is replaced with the following penalties: 10 percent for failure to file a report or pay or deliver property under a report; and 10 percent assessment penalty with an additional 5 percent penalty if the assessment is not paid by the due date.

From the Senate Bill Report (SB 5543), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 23, 2015
  2. Out of committeeMay 1, 2015
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Andy Hill (R-45)
Introduced
January 23, 2015 in the Senate
Last action
March 10, 2016
Requested by
State agency
Companion bill
HB 1551
Budget
Has a fiscal note

AN ACT Relating to improving the administration of unclaimed property laws;

Sponsors

Prime sponsor: Andy Hill (R-45)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. Senate Rules "X" file.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. Passed to Rules Committee for second reading.
  7. Minority; without recommendation.
  8. Minority; do not pass.
  9. WM - Majority; do pass.
  10. By resolution, reintroduced and retained in present status.
  11. Referred to Ways & Means.
  12. And refer to Ways & Means.
  13. GOS - Majority; do pass.
  14. First reading, referred to Government Operations & State Security.

SB 5543 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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