The Louisiana Department of Revenue announced that $4.4 million in unclaimed property tax will be sent to every parish in the state.
$4.4 Million in Unclaimed Property Tax
A total amount of $4.4 million in unclaimed property tax will be sent to every parish in the state, according to the Louisiana Department of Revenue. Each parish qualified to receive the unclaimed property tax will receive it by mail.
In a published article in KATC, businesses turn over millions of dollars every year, and that includes the following:
- unclaimed cash
- insurance proceeds
Meanwhile, the Louisiana Department of Treasury also said that these funds also include the following:
- payroll checks
- old bank accounts
- utility deposits
- interest payments
- stock certificates
- life insurance proceeds
Louisiana State Treasurer Released a Statement
Louisiana State Treasurer John M. Schroder said, “These are real checks from the Louisiana Department of Treasury, so we want you to cash them. Unfortunately, about 20 percent of the checks we mail out each year as part of this match go uncashed, either because people have changed addresses, or because they don’t believe the check is real. We want the money to go in people’s bank accounts, not get returned to Treasury. They’re real checks, and it’s your money.”