Alerts2.28.22

California Considers Unclaimed Property Voluntary Disclosure, Interest Forgiveness Legislation

california

Proposed California legislation contemplates an unclaimed property amnesty program forgiving a 12 percent annual interest requirement for qualifying companies

The California State Assembly is considering Assembly Bill 2280, which would launch a much-anticipated opportunity for businesses to report unclaimed property to California – interest-free – under an amnesty program.   

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