State and Local Tax professional Sarah McGahan, from KPMG's Washington National Tax practice, covers the Unclaimed Property topics listed below. You can also listen to TWIST podcasts directly via iTunes.
California Assembly Bill 2258, which was recently signed into law by Governor Brown, clarifies that certain electronic transactions will be considered evidence that the owner of the account has increased or decreased the amount of a deposit.
On August 5, 2016, the parties to a case addressing the constitutionality of certain aspects of Delaware’s unclaimed property enforcement process filed a joint motion to dismiss the case with prejudice.
The week of February 15, 2016, approximately 100 to 300 companies were mailed letters inviting them to join the Delaware Secretary of State Office’s Unclaimed Property Voluntary Disclosure Agreement program.