The fees collected in December or during the last calendar quarter of 1997 will be due January 20, 1998. Although the program will end, many retailers may continue to collect a fee on sales of new tires to offset the cost of delivering used tires to recyclers. Because this fee will be part of the price of new tires, it will be subject to sales tax. The charge should not be represented as a fee charged by the state. The property must have been inactive for a set period of time, usually between three and five years, and the owner's whereabouts must be unknown.
Unclaimed property is property abandoned by the owner for three years or more.
The deadline for filing and turning in unclaimed property of all types is November 1 of every year. Unclaimed property should not be sent to us until it has reached the required abandonment period as of June 30. We have no statutory authority to grant extensions for late remittance of unclaimed property. We encourage entities holding abandoned and unclaimed property to make reasonable efforts to locate owners as soon as possible. The only property that should be remitted to the state is that for which the whereabouts of the owners are unknown to the holder.