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On February 17, 2022, Assembly Bill 2280 was introduced in the California Assembly. Holders are not eligible if they fall within any of the following categories: Eligible participating holders must complete five requirements: Failure to pay or deliver all escheated property in those seven months affords the Controller the option to reinstate interest assessments. RIVERSIDE, Calif. (KABC) -- Some California drivers who can't afford to pay traffic fines or court fees are getting a bit of a break. A shorter review period, with interest waived but auditable, could incentivize holders that have strong compliance but acquire a noncompliant entity, or a rogue property type. Under existing California unclaimed property law, unreported property accrues interest at 12% a year, starting from the date the holder of the property fails to timely report, pay, or deliver unclaimed property. The Traffic Ticket/Infraction Amnesty Program (amnesty program) was designed to provide tens of thousands of people who received qualifying tickets in California with relief from the escalating costs of fines, fees, penalties, and assessments that have come from those tickets (traffic and non-traffic) remaining unpaid. The Situation: The unclaimed property community has been waiting with bated breath for a viable option for past-due property in California. California automatically assesses interest upon the filing of a late report and, California has not allowed waivers of interest for holders coming into compliance on a voluntary basis since its last unclaimed property amnesty program in 2001/2002. The Amnesty Program for traffic tickets ended April 3, 2017. Copyright 2023 KABC Television, LLC. AB 2280 offers a long-awaited solution for companies owing past-due property to the State of California. Find your court here. This year, California has a better problem, a $75.7 billion surplus. If callers receive public benefits under: SSI, SSP, CalWORKS, Tribal TANF, GR, GA, CAPI, IHSS, or Medi-Cal, OR. Full stop," said Newsom. Accordingly the California FTB has added such questions to 2021 Forms 100, 100S, 100W, 565, and 568. On June 24, 2015, the Governor signed into law a traffic amnesty program to help people with unpaid tickets and suspended driver's licenses. The Controller would waive interest for past due properties reported by unclaimed property holders that voluntarily enroll, are accepted, and successfully complete the CVCP. In the event that individuals do not fulfill the terms of their payment plans, the contract includes authorization for the Franchise Tax Board to implement wage garnishment to fulfill the terms of the agreement. 9-33-4-4(a)] The petition must contain: Person's full name and all other legal names or aliases, Person's date of birth, The court case number of the relevant violations, An amnesty program is going into effect Thursday. Delron Simpson always remembers to buckle up before he drives.