What is a 'Tax Rate'. A tax rate is the percentage at which an individual or corporation is taxed. The tax rate is the tax imposed by the federal government and some states based on an individual's taxable income or a corporation's earnings. The United States uses a progressive tax rate system, where the percentage of tax increases as taxable income. Next Up.
Escheat is the reversion of property to a state when that property is lacking claimants or heirs. In the oil & gas industry, the property is usually an unclaimed oil and gas royalty or override payment.
Keaneâs escheat reporting service is a cost-effective means of ensuring compliance and reporting unclaimed property accurately year after year. Many organizations realize the tremendous value in outsourcing their annual unclaimed property and escheat reporting work to Keane â and yours can too.