Lawmakers are proposing HB360 that the state treasurer works with the Utah State Tax Commission to proactively match up folks with their missing money and start sending out checks, automatically.
SALT LAKE CITY — Our morning show goofball reporter, Casey Scott has his own way of busting inflation — every Wednesday on KSL Today, he ambushes unsuspecting motorists with free gas cards. But this week, I ambushed Casey, with a check for more than $300.
The division is where money and property get sent whenever, for whatever reason, a business cannot get them to its rightful owner. On this day, it was holding over $300 for Scott, but it could be holding your money, too, State Treasure Marlo Oaks said.The money comes from sources like dormant bank accounts, overpaid medical bills, uncashed checks, or unpaid insurance benefits. There is no shortage of money or people to whom it belongs.
Oaks said he loves the idea. He said one of his office's main objectives is to stimulate the economy, which is most easily done by getting money into the hands of Utahns. Plus, it can make a huge difference for families struggling day to day with inflation. State officials are concerned people will disregard unexpected checks they receive in the mail, assuming it is a scam.
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