Unclaimed Property Legislative Updates
Join us as we delve into the latest legislative updates impacting unclaimed property. In this session, we will explore recent changes and proposed changes in
Join us as we delve into the latest legislative updates impacting unclaimed property. In this session, we will explore recent changes and proposed changes in
Managing compliance with unclaimed property has become challenging due to the constantly changing legislative environment. A recent obligation gaining traction among states, which companies must
Building and maintaining a program to ensure compliance with the ever-changing unclaimed property laws is challenging, costly and time consuming. As a result, many companies
The unclaimed property (UP) community will convene in Las Vegas starting Sunday, March 10 for the 2024 Unclaimed Property Professionals Organization (UPPO) Annual Conference. Running
Join California’s Project Director Gary Qualset and Sovos’ Unclaimed Property Consulting Director Laurie Andrews for an informative session where we discuss unclaimed property reporting along
On January 17, 2024, the Hawaii Senate introduced SB 2130 proposing to add an additional due diligence mailing for financial organizations. If passed, financial organizations
On January 18, 2024, a draft, IA D 5342, was prefiled. This draft proposes to amend the current unclaimed property law by adding new sections
Delaware’s Secretary of State (SOS) recently advised that they plan to send invitations to companies to participate in the Delaware Voluntary Disclosure Agreement (VDA) program
FL HB 989 was prefiled on December 21, 2023. This bill proposes sweeping amendments to Florida’s unclaimed property law. The proposed changes are as follows:
This is to advise that the State of Washington has introduced companion bills addressing unclaimed gift cards. House Bill 2095 and Senate Bill 5988 were
It’s the law to track and report abandoned property to the states. Make sure you have all the information you need to file successfully and
The UPPO Annual Conference is the premier event for professionals responsible for unclaimed property. Stop by our booth 109/111 and see how Sovos can assist
Your Guide to Unclaimed Property Management Failing to account for unclaimed property can cost businesses millions of dollars. As more states dramatically increase their efforts
November 2023 saw a sharp increase in the number of Notices Requesting Verified Reports for Report Year 2022 being issued by Delaware. After further research,
Another October unclaimed property filing season is now over for both clients and Sovos. Overall, 70% of reports filed by Sovos on behalf of our
This is to advise that the Oregon House Bill was enacted on 7/13/23. The new law becomes effective on 1/1/24. This law focuses on due
With filing season in the rearview mirror, join Sovos for a chance to unwind over fun holiday cocktails while learning how to develop or strengthen
Your Guide to Unclaimed Property Management Failing to account for unclaimed property can cost businesses millions of dollars. As more states dramatically increase their efforts