Utah § 59-1-1707 Commission requirement to provide notice of levy to depository institution -- Duration of levy.

Utah Statutes

§ 59-1-1707 — Commission requirement to provide notice of levy to depository institution -- Duration of levy.

Utah·Title 59 Revenue and Taxation·Ch. 59-1 General Taxation Policies·Part 59-1-17 Depository Institution Data Match System and Levy Act

(1)The commission shall provide, within three business days after a depository institution provides the commission information described in Section 59-1-1706, a notice of levy to the depository institution by electronic means:

(1)(a) stating that the commission levies an amount equal to the liability of a delinquent taxpayer that is an account holder at the depository institution; and

(1)(b) identifying the account subject to levy.

(2)A levy described in Subsection (1) is valid until the earlier of:

(2)(a) the day on which the commission releases the levy;

(2)(b) the day on which the delinquent taxpayer satisfies the liability; or

(2)(c) the day on which the depository institution releases, in accordance with Section 59-1-1711, the amounts deposited into the account of the delinquent t

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The commission shall provide, within three business days after a depository institution provides the commission information described in Section 59-1-1706, a notice of levy to the depository institution by electronic means:

(1)(a) stating that the commission levies an amount equal to the liability of a delinquent taxpayer that is an account holder at the depository institution; and
(1)(b) identifying the account subject to levy.
(2) A levy described in Subsection (1) is valid until the earlier of:

(2)(a) the day on which the commission releases the levy;
(2)(b) the day on which the delinquent taxpayer satisfies the liability; or
(2)(c) the day on which the depository institution releases, in accordance with Section 59-1-1711, the amounts deposited into the account of the delinquent taxpayer.
(3) The commission shall provide notice to a depository institution by electronic means:

(3)(a) if the commission releases a levy, no later than one business day after the day on which the commission releases the levy; or
(3)(b) if a delinquent taxpayer satisfies the liability, no later than one business day after the day on which the delinquent taxpayer satisfies the liability.

Utah § 59-1-1707 (Commission requirement to provide notice of levy to depository institution -- Duration of levy.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.