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Can you summarize 9 DCMR 30?
TAXATION AND ASSESSMENTS > DISPOSITION OF UNCLAIMED PROPERTY
Short Summary
These legal documents, part of the District of Columbia Municipal Regulations, cover various aspects related to the disposition of unclaimed property. They provide rules for the implementation of the ‘Uniform Disposition of Unclaimed Property Act of 1980’ and apply to matters raised with the Deputy Chief Financial Officer of the Office of Tax and Revenue. The documents define tangible and intangible personal property and discuss the presumption of abandonment for various types of property. They also outline the reporting requirements for holders of unclaimed property, including the annual filing of a verified report. The documents address conflicts between claims of states regarding abandoned property and provide determinative provisions for such disputes. They also specify the retention of records by holders and the destruction of records after a reasonable time. Additionally, the documents cover the enforcement of unclaimed property laws of a foreign state against a holder domiciled in the District, communication with the holder from the owner or individual entitled to the funds, reimbursements, notice to owners of abandoned property, and collateral requirements. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Holders of unclaimed property, states, jurisdictions, owners of abandoned property, claimants, District of Columbia
What does it govern?
Abandonment of property, reporting requirements for holders of unclaimed property, conflicts between claims of states regarding abandoned property, retention of records, enforcement of unclaimed property laws of a foreign state against a holder domiciled in the District, communication with the holder from the owner or individual entitled to the funds, reimbursements, notice to owners of abandoned property, collateral
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Washington, D.C.