Alert: Delaware legislature passes VDA incentives, awaits governor's signature

Tax Insights
Companies are particularly susceptible to significant unclaimed property exposure in Delaware because holders of property with an unknown owner address generally must remit such property to their state of corporation - which often times is Delaware. Since holders have potential exposure to report property back to 1981, the Delaware VDA program under S.B. 258 would offer companies an opportunity to decrease their unclaimed property exposure by limiting their lookback of liability.


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