NOTICE – CHANGES TO HOLDER REPORTING REQUIREMENTS
1. For holders reporting Individual Retirement Accounts (IRAs): On January 1, 2020, the Internal Revenue Service’s Revenue Ruling 2018-17 will go into effect concerning withholding and reporting taxes with respect to payments from IRAs. Please see the link below for guidance from the National Association of Unclaimed Property Administrators (NAUPA).
2. For all holders: Louisiana does not accept report detail on paper. Holders are required to submit an electronic report in NAUPA II standard file layout and upload it through the secure portal on our website. Visit the Holder Reporting and Remittance page (“Search for Unclaimed Property” button below) to reach the secure portal and additional resources.
3. For financial institutions reporting safe deposit box contents: Effective July 1, 2019, the Louisiana Unclaimed Property Act provides for the presumption of abandonment and transfer to the Unclaimed Property Division, “Military medals and all associated documents held in a safe deposit box or other safekeeping depository in this state”. Please see Louisiana Revised Statutes, Title 9, Section 155.