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

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

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.