Notice for Unclaimed Property Holders
Kentucky has recently enacted its version of the Revised Uniform Unclaimed Property Act (RUUPA) via HB 394 (2018). The holder reporting process will not change for 2018, but all holder reporting for 2019 must follow the new guidelines as enacted in HB 394. The Kentucky Legislative Research Commission is currently working to codify HB 394 and the law should be available in its codified form by the end of July 2018.
Report Unclaimed Property
Treasurer Ball is committed to working cooperatively with businesses and banks across the state to keep them informed about their responsibilities regarding the timely reporting and remittance of unclaimed property to the Commonwealth of Kentucky.
There are specific instructions which depend on what type of entity is reporting the unclaimed property. Please review the information below for the details that apply to your bank or business.
Holder Report Book
Every year, the Kentucky State Treasury releases a Holder Report Book. This book is an instructional manual on how to report property to the Kentucky State Treasury. This is a helpful tool to guide you through the reporting process.
2017 Kentucky Holder Book.pdf
Specific Report Information
This year we have gone to all electronic reporting. Negative reporting is no longer required in Kentucky. Below are additional resources to help file those reports.
NAUPA Reporting Resources
Holders can use any preferred NAUPA formatted software for creating and submitting Unclaimed Property Reports to the Commonwealth of Kentucky in electronic format. That includes email in HDE format, cd, UP Exchange, and others. If you want to email your report to us, save the file in HDE format and email to firstname.lastname@example.org.
Mail a copy of the summary sheet along with your payment to the address below.
Once a report is generated and submitted to the Unclaimed Property Division, generate a corresponding summary sheet from the reporting software used to create a report which provides the total number of accounts, dollars, shares, properties being reported, the company name, contact, phone number, email address, and FEIN. If the software does not create this summary, create one with the corresponding information. Submit this summary sheet with the check payment by mail. Note: If the report was submitted through email, there is no need to send a duplicate report by cd.
Checks need to be made payable to "Kentucky State Treasury Unclaimed Property Division" and need to be mailed to:
KENTUCKY STATE TREASURY
UNCLAIMED PROPERTY DIVISION
1050 US HWY 127 SOUTH, SUITE 100
FRANKFORT, KY 40601