Knowledge Center

Friday, January 05, 2018

Jordan Goodman and David Hughes Present a Joint Webinar with BDO, "Illinois - Landmark Unclaimed Property Law Requires Businesses In and Out of State to Take Action"

2/20/18
1:00 - 2:30 PM CST

1.5 hours of IL CLE credit offered
1.5 hours of CPE credit in the field of tax offered
More info and registration to follow. Click here to be notified when registration opens. 

With a multi-billion dollar pension crisis on hand, Illinois seeks to use unclaimed property to be a funder to pension obligations.  Accordingly, IL has stepped out as one of the initial adopters of ULC RUUPA with certain modifications.  The new law creates a "taxing effect" on holders who in many cases did not have obligations reportable to the state under the old law but now have reporting obligations as a result of the retroactive elimination of the business to business exemption coupled with other transitional provisions.

Presented by:

  • Jordan Goodman, Partner HMB 
  • David Hughes, Partner HMB
  • Joe Carr, Partner BDO
  • Nick Boegel, MD BDO

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