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.
property is interest-bearing, and, if so, the rate of interest.” Minnesota Statutes § 345.41. Holders must also report increments (e.g., dividends, capital gains, etc.) earned on abandoned property in sufficient detail that the increments can be properly attributed and paid to the owner, both at the time a claim is made and when future
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