Governor Hobbs recently signed SB 1336, which Amended Arizona’s Unclaimed Property Act to strike a list of items previously excluded from the definition of “property,” including de minimis business-to-business and business-to-consumer balances, the property of persons who maintain business relationships with the holder, child support payments, and property that is referred to or evidenced by gift certificates, electronic gift cards, nonrefundable tickets, certificates evidencing property denominated in value other than a currency including prepaid phone cards, frequent flyer miles, stored value cards and merchandise points. To track other developments relating to proposed Arizona tax legislation, please visit this page on my website. |