Delaware Unclaimed Property Law: Recent Developments and the 2014 Unclaimed Property Task Force

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

Although not technically taxes, unclaimed property liability and compliance have become significant and oftentimes expensive concerns for those who pay business taxes. Delaware especially has made some recent legislative changes in the way that it treats unclaimed property. In this article, authors Brenda R. Mayrack and Matthew P. Hedstrom discuss Delaware's Unclaimed Property Task Force and its impact on recently passed legislation.