The US Supreme Court ruled February 28 that the Disposition of Abandoned Money Orders and Traveler’s Checks Act (Federal Disposition Act or FDA) governs teller’s checks and agent checks, and that unclaimed proceeds of such should escheat to the state of purchase. [Arkansas, et al. v. Delaware, No. 22O146 ORG, Delaware v. Pennsylvania, U.S., No. 22O145, 2/28/23]
Source PwC
Latest Posts in "United States"
- Top U.S. States With No Sales Tax: Business and E-Commerce Savings in 2025
- U.S. Eliminates $800 De Minimis Exemption; New Tariffs on All Low-Value Imports Effective August 2025
- U.S. Sales Tax Explained: Key Rules, Nexus, Exemptions, and Compliance Steps for Businesses
- Utah Approves New Emergency Services Sales Tax and Modifies Rural Health Care Tax Rules
- Committee Urges Voters to Renew 1% Sales Tax for Bibb County School Improvements
