Throughout the week, we highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other interested persons. Read the recent alerts below or visit the archive.
Expansion of Delaware’s unclaimed property compliance efforts The Delaware Department of Finance is seeking to expand unclaimed property compliance enforcement efforts by issuing a Request for Proposal (“RFP”) for third-party vendors to assist with reviewing submissions to the State’s Unclaimed Property Verified Report and Compliance Review programs. These programs allow Delaware, under 12 Del. C. § 1170, to request additional information about a company’s most recent unclaimed property report filed with the State. Based on the publicly available RFP documentation on Delaware’s website, the State intends to send between 500 and 700 Verified Report notifications during its Fiscal Year 2024.
This Multistate Tax Alert summarizes the State’s plan to expand compliance efforts. [Issued: October 12, 2023] More
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