If you have outlets outside Texas from which you sell taxable goods or services to Texas customers, you may have noticed a change in the way we ask you to report Texas use tax. Only the mailing address will appear on the permit. There is a sales and use tax exemption for gas or electricity used in processing tangible personal property for sale. This exception does not extend to gas or electricity used by restaurants or similar establishments that prepare and sell meals or snacks that are ready to eat. Under that program, businesses, financial institutions, and other entities must report and remit to the state cash-related assets they hold if the whereabouts of the owners are unknown.
Unclaimed property includes both intangible and tangible property.
It may be any asset of monetary value that has been abandoned by the owner for three years or more. The Comptroller will act as the custodian, holding these properties in trust until they are claimed. There is no limitation on the time you have to file a claim. In the future, you will be able to use the webpage to search for property by name. The Texas Worker's Compensation Commission asked us to tell you about its safety consultation program.