UT SB0155

State Tax Commission authorized to share taxpayer identifying information (name, address, phone, email, SSN/EIN) with the unclaimed property administrator to facilitate returning unclaimed property to owners

Tax-deferred and tax-exempt retirement account property presumed abandoned based on IRS required minimum distribution age rather than the previous fixed age of 70.5 years, with property presumed abandoned one year after mandatory distribution following confirmed death of the owner

Multiple heirs may file a single claim for a decedent's unclaimed property valued at $100,000 or less, requiring an affidavit meeting statutory requirements and agreement to distribute property equitably and indemnify the state

Definition of "owner" expanded to explicitly include heirs (as defined in probate code) for property where the decedent qualified as owner before death

Effective date May 6, 2026 for most provisions; Tax Commission information-sharing provisions effective July 1, 2026