The state currently holds more than $7 billion in cash and other valuables through the program. The Comptroller’s office says it has returned more than $3 billion in unclaimed property to rightful owners since Texas’ unclaimed property program began in 1962. The money belongs to the people of Texas, and I encourage everyone to visit to see if the state is holding some of their unclaimed property.” territories and several international countries. Unclaimed property programmes exist in every state in the United States, including Texas, as well as U.S. This effort is part of my continued commitment to focus on customer service and provide taxpayers with transparent and accountable government. Texas unclaimed money includes assets of financial value, such as savings accounts, liquid cash, tax refunds, social security payments, and investments with. How Much Unclaimed Money in Texas According to the National Association of Unclaimed Property Administrators (NAUPA), the United States now has 42 billion in unclaimed funds. Instead, it is money with an identified owner, but where the organization holding the money or property has been unable to contact the owner. Some examples: dividend, payroll or cashiers checks. Unclaimed money, which may also be called unclaimed property, is not property or money that is just up for grabs. Unclaimed property can be abandoned assets. “I am proud to have given back more money than any other Texas Comptroller since the Unclaimed Property program was launched in 1962. Since 1963, Texas has required institutions, businesses and governmental entities to report to the state any personal property that has been unclaimed for up to five years, depending on the property in question. “I am proud to have returned nearly $2 billion dollars to Texans since becoming Comptroller, and we are continually looking for new ways to return even more,” Hegar said in a release. Texas Comptroller Glenn Hegar is celebrating the second annual National Unclaimed Property Day on Tuesday. AUSTIN (KXAN) - Time to claim the cash you didn’t know you had.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |