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FREQUENTLY
ASKED QUESTIONS <
back to the FAQS main page
Q.3 What type of Unclaimed
Property must be remitted to the state?
A.3 Traditionally, states have focused their efforts in
enforcing unclaimed property laws regarding abandoned
inheritances, bank deposits, royalties, securities and
dividends. Due to tax cuts and other diminished fee collections,
many states have recently begun to aggressively expanded
their enforcement efforts against intangible property,
including; liabilities for un-cashed payroll checks, un-cashed
refund or vendor checks, unclaimed credit balances, and,
in many states, un-cashed gift certificates and gift cards,
as well as rebates. |
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