This Act continues the reforms enacted over the past 4 years by restructuring Chapter 11 of Title 12, and adopting in substance many provisions from the 2016 Revised Uniform Unclaimed Property Act promulgated by the Uniform Law Commission. In addition, this Act adopts certain recommendations from the Delaware Unclaimed Property Task Force formed under Senate Concurrent Resolution No. 59 of the 147th General Assembly, and makes significant changes to the State’s unclaimed property law to bring greater predictability, efficiency, and fairness to the State's unclaimed property reporting process and compliance initiatives. More specifically, these changes include reducing the look-back period of all voluntary disclosure agreements and audits to 10 report years, and creating a 10 year statute of limitations for the State to seek payment of unclaimed property due to the State. In addition, this legislation aligns the State’s record retention requirement for companies with the statute of limitations and look back period, which brings State law into conformity with a majority of other states. This Act also offers any company currently under audit prior to July 22, 2015, the opportunity to convert their audit into a voluntary disclosure agreement by entering into the Secretary of State Voluntary Disclosure Agreement program. All companies who received a notice of examination and are currently under audit as of the effective date of this Act will have the opportunity to engage in an expedited audit review process. Finally, this Act mandates that interest be assessed on any late-filed unclaimed property, as a means to incentivize voluntary compliance.
DB
Total votes
1,235
all sessions
Attendance
95%
59 missed
Near the chamber average
With party
99%
of cast votes
Higher than 77% of chamber peers
Bipartisan score
0%
crosses aisle rarely
Lower than 84% of chamber peers
Sponsored
220
bills & resolutions
Near the chamber average
Committees
0
assignments
220 bills and resolutions
Sponsored bills
Total
220
Primary
157
Co-sponsor
63
This page
220
matching current filters
AN ACT TO AMEND TITLES 12 AND 25 OF THE DELAWARE CODE RELATING TO ABANDONED OR UNCLAIMED PROPERTY.
Signed into law Feb 2, 2017
1 co-sponsor
REJECTING IN ITS ENTIRETY THE REPORT OF THE DELAWARE COMPENSATION COMMISSION.
This joint resolution rejects the report of the Delaware Compensation Commission in its entirety.
Signed into law Feb 2, 2017
0 co-sponsors
In committee Jan 12, 2017
0 co-sponsors
AN ACT MAKING APPROPRIATIONS FOR THE EXPENSE OF THE STATE GOVERNMENT FOR THE FISCAL YEAR ENDING JUNE 30, 2018; SPECIFYING CERTAIN PROCEDURES, CONDITIONS AND LIMITATIONS FOR THE EXPENDITURE OF SUCH FUNDS; AND AMENDING CERTAIN PERTINENT STATUTORY PROVISIONS.
This Bill is the Fiscal Year 2018 Appropriation Act.
Introduced Jan 12, 2017
0 co-sponsors
Passed Jan 11, 2017
0 co-sponsors
Passed Jan 10, 2017
0 co-sponsors
Passed Jan 10, 2017
0 co-sponsors
Passed Jan 10, 2017
0 co-sponsors
Passed Jan 10, 2017
0 co-sponsors
Passed Jan 10, 2017
0 co-sponsors
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