The US Supreme Court ruled February 28 that the Disposition of Abandoned Money Orders and Traveler’s Checks Act (Federal Disposition Act or FDA) governs teller’s checks and agent checks, and that unclaimed proceeds of such should escheat to the state of purchase. [Arkansas, et al. v. Delaware, No. 22O146 ORG, Delaware v. Pennsylvania, U.S., No. 22O145, 2/28/23]
Source PwC
Latest Posts in "United States"
- Virginia Keeps Data Center Tax Breaks, Adds New Electricity Consumption Tax
- Wyoming Libraries Face Cuts Amid Budget Strains, Seek Sales Tax Solutions
- Indiana Tax Ruling: Cloud-Based Services Not Subject to Sales Tax
- Maryland Supreme Court Expands Sales Tax Exemption for Utility Equipment
- Indiana Says Cloud-Based Educational Services Are Not Subject to Sales Tax
