Wisconsin DOR Releases Updated Guide for Reporting by Holders of Unclaimed Property

The Wisconsin Department of Revenue (DOR) released an updated guide for reporting by holders of unclaimed property. The updated guide includes important changes made by: 1) 2023 WIS. ACT 138, which creates a permanent voluntary disclosure program for unclaimed property effective for applications received on or after June 1; and 2) 2023 WIS. ACT 138, which provides a number of changes, first applicable to property reportable on Nov. 7, 2021, including defining financial organization loyalty cards and excluding them from unclaimed property, and clarifying the date for which property is presumed abandoned. [Wis. Dep’t of Revenue, Publ’n 82 – Unclaimed ...