2013 House Bill 4289 / Public Act 148

Restrict use of “indirect” unclaimed property law audits

Introduced in the House

Feb. 20, 2013

Introduced by Rep. Aric Nesbitt (R-66)

To establish minimum standards for state audits and “indirect audits” of a person or business related to unclaimed property “escheated” to the state, and require such audits to conform with generally accepted government auditing standards published by the U.S. Government Accountability Office.

Referred to the Committee on Tax Policy

May 15, 2013

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

May 21, 2013

Substitute offered

The substitute passed by voice vote

May 22, 2013

Passed in the House 109 to 0 (details)

Received in the Senate

May 23, 2013

Referred to the Committee on Finance

Oct. 3, 2013

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

Oct. 10, 2013

Substitute offered

The substitute passed by voice vote

Oct. 15, 2013

Passed in the Senate 38 to 0 (details)

To establish minimum standards for state audits and “indirect audits” of a person or business related to unclaimed property “escheated” to the state, and require such audits to conform with generally accepted government auditing standards published by the U.S. Government Accountability Office.

Received in the House

Oct. 15, 2013

Oct. 22, 2013

Passed in the House 108 to 0 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

Oct. 29, 2013