weather icon Clear

More than $28 milllion in unclaimed property returned

Nevada State Treasurer Zach Conine on Thursday announced the return of more than $28.5 million in unclaimed property to Nevadans by the Treasurer’s Office Unclaimed Property Division.

Last year, the office began undertaking a special initiative to identify and return missing money and property to organizations and individuals in honor of Nevada Day.

A portion of the $28.5 million in paid claims is the result of an interagency pilot program. In the early weeks of the COVID-19 pandemic, the treasurer’s office worked with the Department of Employment, Training and Rehabilitation to develop a program designed to connect individuals who filed claims for unemployment insurance benefits with their unclaimed property.

Thus far, the interagency program has processed and approved claims valued at more than $1.4 million. Additional claims valued at $1.2 million, whose owners have been notified, remain outstanding.

DETR and the treasurer’s office will continue working to connect individuals with their unclaimed property as new individuals file for unemployment benefits, including those who file for Pandemic Unemployment Assistance.

“As Nevadans face uncertain economic times, we are working as hard as we can to connect them with their unclaimed property,” Conine said. “All Nevadans should visit our website to see if they have unclaimed property which is owed to them. Many properties can be claimed online.”

“We are extremely proud to partner with the treasurer’s office to connect Nevadans who are currently out of work with additional funds to help them pay their bills,” DETR Director Elisa Cafferata said. “We are hopeful that we can continue to identify more claimants who are owed these funds over the coming months.”

The office began remote work April 6 and has approved 29,592 claims totaling $28,504,481.62. This is this the highest number of claims approved and the largest amount of unclaimed property ever returned during a 30-week period.

The Unclaimed Property Division works with businesses to report and recover Nevadans’ unclaimed property, which includes things like bank accounts, court settlements, life insurance proceeds, safe deposit box contents, uncashed checks, utility deposits and stocks.

The office currently safeguards more the $910 million in unclaimed property belonging to individuals, heirs and businesses who have, at some point in time, resided or done business in Nevada.

Don't miss the big stories. Like us on Facebook.
STEVE SEBELIUS: Tell the truth, and shame the devil

President Donald Trump’s lies about the 2020 election are not harmless, and will cause more mayhem if people around the nation fail to accept the truth.

Modern castle in Esmeralda County has a buyer

The Hard Luck Mine Castle in Esmeralda County has entered into escrow, Brian Krueger, a senior vice president with Coldwell Banker Premier Realty and the agent selling the property, said.

IRS schedules opening of tax season for Feb. 12

The Internal Revenue Service announced that the nation’s tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.

UNR forum to examine state’s business outlook

The College of Business at the University of Nevada, Reno, will host Vision 2021: The Nevada Economic Forecast on Friday, Jan. 22 as part of the college’s continued efforts to support the growth of the state’s economy.

1099 forms due for businesses on Feb. 1

The Internal Revenue Service reminded businesses and other payors that a revised 1099-MISC and a new 1099-NEC must be furnished by Feb. 1, 2021.

Nevada Humanities announces two memoirs

Nevada Humanities has announced it has selected two memoirs — “Miracle Country: A Memoir” by Kendra Atleework and “World of Wonders: In Praise of Fireflies, Whale Sharks, and Other Astonishments” by Aimee Nezhukumatathil — for its statewide 2021 Nevada Reads program.

Circle K construction continues in Pahrump

Even in the midst of a global pandemic, progress is being made and development undertaken, with one example of the continual drive to push forward despite enormous challenges to be seen right here in Pahrump.