Transcription of Unclaimed Property Program Holder Report Guide Report …
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Unclaimed Property Program Holder Report Guide Report …
Minnesota Department of Commerce Unclaimed Property Program 85 7th Place East, Suite 280 Saint Paul, Minnesota 55101 Unclaimed Property Program Holder Report Guide Report Year 2021 Table of Contents Important Information for Report Year 2021 .. 4 What is Unclaimed Property and Who Needs to Report ? .. 4 General Guidance on Interest-Bearing and Increment-Earning Property .. 5 Guidance on interest-bearing Property .. 5 Guidance on other increment-earning Property .. 5 Determine Property to be Reported .. 6 Businesses and Other Organizations: .. 6 One Year Dormancy Period .. 6 Three Year Dormancy Period .. 6 Five Year Dormancy Period.
Businesses and other organizations are required to report and remit unclaimed property by November 1st. Life Insurance companies and other fraternal organizations are required to report and remit unclaimed property by October 1st. Unclaimed property refers to various types of intangible property that has been abandoned for a specified period of ...
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