Are you interested in learning the key requirements for unclaimed property reporting in New England jurisdictions? For those tasked with the responsibilities of escheat reporting, it is important to have an understanding of their organization’s compliance obligations and monitor any legislative or regulatory activity that may affect their existing unclaimed property processes.
Below you will find some key information pertaining to the New England escheat reporting jurisdictions.
If you have specific questions that are not addressed here, please contact a Keane representative at (800) 848-8896 or contact us electronically by completing this brief form.
Connecticut Unclaimed Property Reporting
The following are highlights of holders’ requirements for filing Connecticut unclaimed property reports:
- The annual report and remittance due date for Connecticut is March 31.
- Aggregate reporting is not permitted. All amounts, regardless of the size, should be reported to Connecticut with detailed owner information on the holder report.
- Holders may submit a request for an extension if they cannot file an unclaimed property report by the deadline.
- Connecticut Escheat Reporting FAQ
Maine Unclaimed Property Reporting
Below you will find a brief listing of Maine unclaimed property laws that impact a holder’s reporting obligations:
- The annual report and remittance due date for Maine is October 31.
- Businesses must report all unclaimed property, no matter how small.
- Maine Escheat Reporting FAQ
Massachusetts Unclaimed Property Reporting
Holders filing Massachusetts unclaimed property reports should be aware of the following requirements:
- The annual report and remittance due date for Massachusetts is November 1
- Early reporting is permitted with prior written approval of administrator for cash property only.
- Massachusetts Escheat Reporting FAQ
New Hampshire Unclaimed Property Reporting
- The annual report and remittance due date for New Hampshire is October 31.
- Early reporting is permitted with prior written approval of the Administrator.
- New Hampshire Escheat Reporting FAQ
Rhode Island Unclaimed Property Reporting
- The annual report and remittance due date for Rhode Island is November 1st.
- If you have more than 25 items to report, you need to submit a report electronically on a CD or diskette in the NAUPA format.
- Rhode Island does not require holders to file negative reports.
- Rhode Island Escheat Reporting FAQ
Vermont Unclaimed Property Reporting
- The annual report and remittance due date for Vermont is April 30.
- If you have more than 10 items to report, you need to submit a report on electronic media (CD, diskette, or NAUPA encryption).
- Vermont Escheat Reporting FAQ
What Are Your Specific Questions?
Keane will be hosting a New England unclaimed property holder seminar that will be packed with current unclaimed property compliance information and regulatory updates. The seminar will be led by Valerie Jundt, Managing Director of Keane’s National Consulting & Advisory Services Team. The objective is to help those companies with a reporting obligation to the New England reporting jurisdictions and ensure compliance, minimize the risk of unclaimed property audit, and develop policies to maximize the return of property to the rightful owners. Click here to view additional details for this event.