“Unfortunately,” the authors add, “aggressive state unclaimed property laws and the quest for additional revenue sources often lead to a different result. One area in which unclaimed property policy and reality are colliding is the extent to which a state can limit the scope of recovery by an owner of the full value of the property without running afoul of federal or state takings clause provisions.”
“We’re pleased to add ‘UPwords’ to our roster of regular columns,” said Christopher Bergin, president and publisher of Tax Analysts, the nonprofit publisher of State Tax Notes, a weekly magazine, and other print and online journals on tax policy and administration.
“This column from Sutherland Asbill & Brennan will help us better achieve our goal of providing a forum for discussion on leading issues in tax policy,” Bergin added. “We believe such discussion leads to better tax policy.”
Sutherland Asbill & Brennan’s State and Local Tax Practice, where Smith is counsel and Hedstrom is an associate, consists of 17 full-time attorneys who focus on planning and controversy associated with income, franchise, sales/use, unclaimed property, and property tax matters.
To read the inaugural issue of “UPwords,” go to Tax Analysts’ Web site.
About Tax Analysts
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