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Foley & Lardner LLP

Good News and Bad News about Unclaimed Property in Wisconsin

Foley & Lardner LLP on

Wisconsin has adopted the Revised Uniform Unclaimed Property Act (the Uniform Act”), with a few local variations. 2021 Wisconsin Act 87, published November 6, 2021. The new statute (the “Wisconsin Act”) will be good news...more

Alston & Bird

Illinois Stealthily Enacts Version of RUUPA as Part of Budget Bill

Alston & Bird on

This week, the Illinois General Assembly enacted budget legislation (SB 9) to much fanfare. Although most news stories will likely focus on the fact that the state has a budget for the first time in several years, the real...more

McDermott Will & Emery

Illinois UP Bill Would Retroactively Require Reporting of Gift Cards and B2B Transactions

McDermott Will & Emery on

Earlier this year, an unclaimed property rewrite bill (HB 2603) was introduced in the Illinois House that would require holders to retroactively report a number of property types currently exempt. The provision would require...more

Bradley Arant Boult Cummings LLP

Annual COEs and Information Returns – A New Requirement for Many Tax-Exempt Entities

Bradley Arant Boult Cummings LLP on

Beginning January 1, 2016, all organizations that have a statutory exemption from the payment of Alabama sales, use or lodgings taxes--other than certain government entities, public universities and healthcare...more

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