We’re about six months away from the fall unclaimed property filing deadlines, but we’re already looking ahead and making our preparations. This unclaimed property reporting calendar will serve as a guide as we approach the October and November deadlines for the fall season.
On May 12, 2016, New York Senate Bill 7803 was introduced into the New York state legislature. The bill proposes a dormancy period increase for many property types. Specifically, the bill increases from three to five years dormancy periods for wages, banking, and securities-related property including brokerage accounts and life insurance property.
Wisconsin recently introduced Senate Bill 799 proposing amendments to various provisions within its unclaimed property laws. Amendments to the Wisconsin unclaimed property statute include the implementation of a voluntary disclosure program (VDA Program), as well as changes to reporting requirements, dormancy periods, and penalties.
This regional escheatment seminar is an outstanding opportunity to further your education and understanding of state unclaimed property laws while having the chance to have your state-specific questions and concerns addressed by unclaimed property administrators from both Maryland and Virginia.