AB752,56,17 (1) Are subject to the confidentiality and security provisions of subch. XIV and are not public records for purposes of subch. II of ch. 19.

AB752,56,19 (2) May be used by the administrator in an action to collect property or otherwise enforce this chapter.

AB752,56,25 (3) May be used in a joint examination conducted with another state, the federal government, a foreign country or subordinate unit of a foreign country, or any other governmental entity if the governmental entity conducting the examination is legally bound to maintain the confidentiality and security of information obtained from a person subject to examination in a manner substantially equivalent to that under subch. XIV.

AB752,57,5 (4) May be disclosed to the person that administers the unclaimed property law of another state, upon that person's request, for that state's use in circumstances equivalent to circumstances described in this subchapter, if the other state is required to maintain the confidentiality and security of information obtained in a manner substantially equivalent to that under subch. XIV.

AB752,124 Section 124. 177.1004 of the statutes is created to read:

AB752,57,12 177.1004 Failure of person examined to retain records. If a person subject to examination under s. 177.1002 does not retain the records required by s. 177.0404, the administrator may determine the value of property due using a reasonable method of estimation based on all information available to the administrator, including extrapolation and use of statistical sampling when appropriate and necessary.

AB752,125 Section 125. 177.11 of the statutes is repealed.

AB752,126 Section 126 . Subchapter XI (title) of chapter 177 [precedes 177.1101] of the statutes is created to read:

AB752,57,16 CHAPTER 177

AB752,57,17 SUBCHAPTER XI

AB752,57,18 Assessments and appeals

AB752,127 Section 127. 177.1101 of the statutes is created to read:

AB752,57,25 177.1101 Default assessment. When any person fails, neglects, or refuses to file a report by the deadline prescribed by this chapter, the administrator may, notwithstanding ss. 177.1001 and 177.1002 and according to the administrator's best judgment, determine the amount of property that should have been reported and remitted by that person under this chapter and may assess such amount against the person.

AB752,128 Section 128. 177.1102 of the statutes is created to read:

AB752,58,7 177.1102 Notice of assessment. The administrator shall notify a person in writing of any assessment under this chapter. The administrator shall serve that notice as provided in s. 73.03 (73m). If the person is a corporation and the administrator is unable to serve that corporation as provided in s. 73.03 (73m), the administrator may serve the notice by publishing a class 3 notice under ch. 985 in the official state newspaper.

AB752,129 Section 129. 177.1103 of the statutes is created to read:

AB752,58,13 177.1103 Appeal of assessment. The appeal provisions under ss. 71.88 (1) (a) and (2) (a), 71.89, 71.90, 73.01 (1), (2), (3), (4), and (4m), and 73.015, as they apply to a taxpayer and the department of revenue and consistent with this chapter, shall apply to the person or holder and the administrator with respect to an assessment under this chapter.

AB752,130 Section 130. 177.1104 of the statutes is created to read:

AB752,58,16 177.1104 Penalties. The provisions of s. 177.1204 shall apply to an amount due as determined and assessed under this chapter.

AB752,131 Section 131. 177.12 of the statutes is renumbered 177.0213, and 177.0213 (1), as renumbered, is amended to read:

AB752,58,25 177.0213 (1) Intangible property Property and any income or increment derived from it held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner, within 5 years after it has become payable or distributable, has increased or decreased the principal, accepted payment of principal or income, communicated concerning the property or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by the fiduciary provided in s. 177.0210.

AB752,132 Section 132. Subchapter XII (title) of chapter 177 [precedes 177.1201] of the statutes is created to read:

AB752,59,3 CHAPTER 177

AB752,59,4 SUBCHAPTER XII

AB752,59,5 enforcement

AB752,133 Section 133. 177.1201 of the statutes is created to read:

AB752,59,11 177.1201 Enforcement. (1) An assessment under this chapter that becomes final and is not subject to administrative or judicial review is subject to action and collection by the administrator under ss. 71.91, 71.92, and 73.03 (9), (20), (27), (28), (33m), and (33p) consistent with action taken by the department of revenue with respect to delinquent taxes under the same provisions.

AB752,59,14 (2) If no court in this state has jurisdiction over the assessed holder or the assessed holder is not subject to the jurisdiction of this state, the attorney general may commence an action in any court having jurisdiction over the assessed holder.

AB752,59,16 (3) Subject to sub. (2), the attorney general may bring an action in circuit court or in federal court to enforce this chapter.