Weekly Round-Up: Recent Developments to Delaware’s Unclaimed Property Law


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 week’s issue of the Bloomberg BNA Weekly State Tax Report, authors Brenda R. Mayrack, founder and owner of Mayrack Law LLC, and Matthew P. Hedstrom, a senior associate in the New York office of Alston & Bird LLP, discuss Delaware's Unclaimed Property Task Force and its impact on recently passed legislation.

The article can be read in its entirety here.

 

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Some notable developments from the State Tax Developments Tracker – Bloomberg BNA’s new tool for monitoring important developments in all the states:

New York Publishes Memorandum on Effects of Recent Corporate Tax Reform Legislation on Transitional Filing Provisions for Tax Years 2014 and 2015

Idaho Addresses 2014 Conformity to Federal Internal Revenue Code

Washington Office of Financial Management Issues Publication on Proposed Capital Gains Tax

For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library. 

In other developments…

Fiscal Year 2016 Proposed Executive Budgets, by the National Association of State Budget Officers

Texas – Reimbursed costs not included in total revenue, by PwC

Indiana Sees Distortion, Attacks Intellectual Property Arrangement, by Sutherland

Compiled by Priya D. Nair