Press Releases

DEPARTMENT OF REVENUE and ACADIANA MALL to host "UNCLAIMED PROPERTY AWARENESS DAY"

Department Is Holding $150 Million In "Hidden Treasures". . . Some Of It May Be Yours!

February 22, 1999

LAFAYETTE - Do you have a "Hidden Treasure" waiting for you? This weekend, Lafayette area shoppers will have the chance to find out. On Saturday, February 27, 1999, the Louisiana Department of Revenue and Acadiana Mall will be hosting an Unclaimed Property Awareness Day at the mall between the hours of 10:00 a.m. and 4:00 p.m. (5725 Johnston Street, Center Court.)

"This is a chance for people in Lafayette to see if they, their families, or their friends have some missing money waiting for them from the state," says Secretary of Revenue John Kennedy.

At the event, shoppers can instantly find out if they are one of nearly 500,000 Unclaimed Property owners in the Department of Revenue''s computerized database who are entitled to over $150 million. Those persons who do find Unclaimed Property can even file a claim for the money on the spot.

During the past year, the Department of Revenue has traveled to shopping malls across the state giving back more than $416,000 in Unclaimed Property to their rightful owners. This total includes more than $20,000 in Alexandria, $47,000 in Baton Rouge, $50,000 in Slidell, $55,000 in Lafayette, $60,000 in Shreveport and $184,000 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.

To find out if you or somebody you know has Unclaimed Property waiting at the Louisiana Department of Revenue, contact the Unclaimed Property Section toll-free at 1-888-925-4127, or search for names at http://revenue.louisiana.gov on the Department''s Internet website. Written inquiries can be sent to: Louisiana Department of Revenue, Unclaimed Property Section, P.O. Box 91010, Baton Rouge, LA 70821-9010.

Since the Unclaimed Property Law was passed in 1972, the Department has returned more than $47 million of the $196 million of Unclaimed Property collected. Since 1996, under the Foster Administration, over $20 million has been returned to over 40,000 Louisianians. "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," says Secretary Kennedy. "Governor Foster said it best - it''s not our money and we''re going to give it back."