Will King Reports: New Case in Delaware Challenges Unclaimed Property Demand and Audit Methodology
Post by: Karen Anderson
A new lawsuit is once again exposing long-held concerns about certain aspects of Delaware’s aggressive unclaimed property audit program. Select Medical Corp., a Pennsylvania-based hospital and clinic operator, is challenging Delaware’s demands that it pay [...]
Karen Anderson Reports: Pending Legislation in CA and TX May Have Significant Holder Impact
Post by: Karen Anderson
As state legislatures in many states are now in session, unclaimed property-related legislation is now being introduced across the country. To date, these proposals range from enacting the model Unclaimed Life Insurance Benefits Act (i.e., ND [...]
UPRR Congratulates Delaware, Michigan and North Carolina as each Considers Pro-Business Proposals
Post by: Karen Anderson
Over the last few years, there have been dozens of stories on how states have seized unclaimed property as a source of non-tax revenue in order to fill the gaps created by declining state revenues. [...]
North Carolina Bill Would Ban Contingent Fee UP Audits
Post by: Karen Anderson
The North Carolina legislature is considering HB 462 which would prohibit the state treasurer from contracting unclaimed property auditors on a contingent fee basis. Specifically, the bill language states that the treasurer, who is the [...]
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