• Webinars

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    to connect with each other and share insights into the topics and trends.

Illinois Landmark Unclaimed Property Law Requires Businesses In and Out of State to Take Action

July 23, 2018
2:00 PM to 3:30 PM EST

Megan Williams
Technical Support:

Technical Support
(BDO Employees):
  • Summary
  • Recording
With tax reform and Wayfair in the mainstream, new Illinois unclaimed property laws and compliance requirements may be overlooked. Join us for a webinar to learn about Illinois updates and best practices. 
Illinois has stepped out as one of the initial adopters of ULC RUUPA with certain modifications. The new law makes various changes to Illinois unclaimed property law including (a) record retention, (b) SOL, (c) elimination of B2B exemptions, (d) 8 year transitional provision, (e) dormancy period changes, among others. While the law was passed in July of 2017, it became effective January 1, 2018. Regulations are currently pending before the Joint Committee on Administrative Rules in which the Illinois State Treasurer Office also includes a VDA program for holders.