Similar to the one-time Indiana Amnesty Program we blogged about in March, Pennsylvania is now offering reprieve for holders that are out of compliance with Pennsylvania’s unclaimed property reporting requirements. This Program will be open to all first time filers and holders who have gaps in their historical filings. However, companies that are under self-audit or audit by the Pennsylvania Treasury will not be eligible.
While this unique offering allows holders to come into compliance with Pennsylvania without the risk of being assessed penalties and interest on past-due property, it is only available until October 31 ,2010. For more information on how your organization can utilize this opportunity, feel free to contact MarketSphere at (816) 559-0646.
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