Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the state of Idaho charge interest or penalties for not reporting unclaimed property?

April 26, 2017charge Idaho penalties Property State unclaimed

0

Posted

Does the state of Idaho charge interest or penalties for not reporting unclaimed property?

1 Answer

0

Posted

Yes. Interest is assessed at a rate of 12% per year on the value of the property from the date the property should have been paid or delivered to the state.