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Can you summarize IDAPA 54.03.01?
Office of the State Treasurer > Idaho Unclaimed Property Administrative Rules
Short Summary
The Idaho Unclaimed Property Administrative Rules govern the administration and handling of unclaimed property in the state of Idaho. These rules apply to all holders of unclaimed property in Idaho, including individuals, businesses, financial institutions, and other entities that possess unclaimed property. The rules provide exemptions for certain types of property, such as property held by the federal government, property held by other states, and property held by certain types of organizations, such as religious organizations and educational institutions. Failure to comply with the Idaho Unclaimed Property Administrative Rules may result in penalties, including fines and interest on unclaimed property that is not reported or remitted in a timely manner.
Whom does it apply to?
These rules apply to all holders of unclaimed property in Idaho, including individuals, businesses, financial institutions, and other entities that possess unclaimed property.
What does it govern?
Idaho Unclaimed Property Administrative Rules govern the administration and handling of unclaimed property in the state of Idaho.
What are exemptions?
The rules provide exemptions for certain types of property, such as property held by the federal government, property held by other states, and property held by certain types of organizations, such as religious organizations and educational institutions.
What are the Penalties?
Failure to comply with the Idaho Unclaimed Property Administrative Rules may result in penalties, including fines and interest on unclaimed property that is not reported or remitted in a timely manner.
Jurisdiction
Idaho