Blog
Michigan Business to Business Exemption Reaches Governor's Desk
Posted on May 18, 2012 by JMS Advisory Group |
Michigan H.B. 4563 has been passed by the legislature and now awaits the governor’s signature. The last action on this bill was on May 15th, when it was presented to Governor Snyder. The bill will provide an exemption from unclaimed property reporting for most accounts-receivable related t...
Tagged: michigan escheat, escheat legislation, unclaimed property exemptions, business to business exemption
New Jersey Lawmakers May Scrap Gift Card Law - CBS News
Posted on May 18, 2012 by JMS Advisory Group |
A recent article posted online by CBS News Money Watch provides an update and interesting perspective on the New Jersey gift card law that has been the subject of much discussion and activity the past several months. Article Link
Tagged: new jersey gift cards, stored value cards, unclaimed property, new jersey escheat
Unclaimed Property Legislative Updates - Kansas & Michigan
Posted on May 17, 2012 by Kelly E. |
Some notes and updates on legislation that JMS has been tracking: Kansas H.B. 2792 – Allows the Secretary of the Department of Revenue to provide information to the State Treasurer, limited to current & prior addresses of taxpayers or associated persons (spouses or dependents listed on income...
Tagged: michigan escheat, kansas escheat, escheat legislation, unclaimed property laws
Groupon Proposes Settlement of $8.5 Million to Federal Court
Posted on May 16, 2012 by Kelly E. |
“Groupon effectively creates a sense of urgency among consumers to quickly purchase ‘Groupon’ gift certificates by offering ‘daily deals’ for a short amount of time…Consumers therefore feel pressured and are rushed into buying the gift certificates and unwittingly become subject to the oner...
Tagged: groupon settlement, groupon unclaimed property, groupon escheat, gift card escheat
Recent Developments - Gift Card & SVC Legislation (Part I)
Posted on May 2, 2012 by Kelly E. |
Some notes and updates on gift/stored value card legislation that JMS has been tracking: New York A.B. 9263 – Prohibits the sale of gift certificates that diminish in value due to dormancy; and prohibits surcharges and fees on gift certificates LAST ACTION: 02/09/2012 referred to consumer a...
Tagged: gift card laws, gift card legislation, stored value card laws, stored value card legislation
