Press Releases

Department of Revenue and Baton Rouge Mall at Cortana to Host Unclaimed Property

"Holiday Cash" Event Department Is Holding $140 Million In Lost Money . . . Some Of It May Be Yours!

December 10, 1998

BATON ROUGE - Do you need some extra cash this holiday season? This Wednesday, thousands of Baton Rouge area shoppers can find out if the Department of Revenue owes them part of more than $140 million dollars in Unclaimed Property.

On Wednesday, December 16th, the Louisiana Department of Revenue and the Baton Rouge Mall at Cortana will be hosting an Unclaimed Property "Holiday Cash" Day at the mall between the hours of 1:00 p.m. and 8:00 p.m. (Located in the court area at the entrance to J.C. Penney, across from the Disney Store.)

At the event, shoppers can instantly find out if they are one of the thousands of Unclaimed Property owners in the Department of Revenue''s computerized database. "This is a chance for people in Baton Rouge to see if they, their families, or their friends have some ''holiday cash'' waiting for them," says Secretary of Revenue John Kennedy. "I have no doubt that finding a hidden treasure this time of year would be a welcome surprise for most people."

In addition, those persons who do find Unclaimed Property can file a claim for the money on the spot. At past Unclaimed Property Awareness Days, the Department returned to rightful owners $47,000 in Baton Rouge; $50,000 in Slidell; $55,000 in Lafayette; and $97,000 in Metairie!

Under Louisiana''s Unclaimed Property Law, the Louisiana Department of Revenue is responsible for finding owners of unclaimed, intangible personal property turned over to the state. This unclaimed property may include payroll checks, checking and savings accounts, royalties, utility deposits, interest, dividends, stock certificates, and life insurance proceeds.

"It''s our job to try to find the owners of unclaimed property and return it to them," says Secretary Kennedy. With the support and assistance of the Louisiana Legislature, the Department has returned more than $50 million since the Unclaimed Property Law was passed in 1972. "We expect taxpayers to pay their taxes on time and the least we can do at the Department of Revenue is to make sure that when we have some of their hard-earned money, we do our best to return it to them. Governor Foster said it best: it''s not our money and we''re going to give it back."