CT HB05460

Updates unclaimed property notification requirements, changing the baseline year from 2016 to 2022, with notices to be posted every two years thereafter on the Treasurer's website.

Removes the $50 minimum value threshold for unclaimed property notices, requiring all property values to be publicly posted rather than only those meeting the threshold amount.

Requires property holders to deliver abandoned property to the Treasurer and file unclaimed property reports within 90 days of the close of the calendar year in which property becomes abandoned.

Eliminates the aggregate reporting exception that previously allowed holders to report items valued under $50 in the aggregate, requiring individual reporting of all items regardless of value.

Becomes effective July 1, 2022 for both Section 1 (amending General Statutes 3-66a(a)) and Section 2 (amending General Statutes 3-65a(b)).