BOISE — Idahoans looking for unclaimed money can now claim it through the State Treasurer’s Office as of July 1. The Idaho Tax Commission has transferred administration of the Unclaimed Property Program due to a request made by the Tax Commission to the State Treasurer’s Office that was approved by legislation during this last session.
Businesses that return unclaimed property to the state will receive all necessary information required to continue to file reports with Unclaimed Property. What most people don’t know is that the move for Unclaimed Property to join the Treasurer’s Office is not unusual. In fact, 39 states in the U.S. have their unclaimed property programs under their state treasurers.
“It makes perfect sense — state treasurers are custodians of the money of the people of their state. It will be a better business fit for our mission,” says Melanie Wade, program specialist for the Unclaimed Property Program. Cozette Walters-Swanson, Unclaimed Property Administrator says, “What will be better about this business fit is our ability to provide enhanced services to individuals and businesses.”
Unclaimed property includes things such as: stocks, bonds, mutual funds, bank accounts, un-cashed payroll checks, utility deposits, traveler’s checks, contents of safe deposit boxes, and other money. The state currently has nearly $57 million in unclaimed property.
You never know if you or your business has money to be claimed! Don’t wait any longer – come and take a look at www.sto.idaho.gov/unclaimedproperty/! You can also call the program toll free at (877) 388-2942 or 332-2942 in the Boise area!