§ 59-1-1711 — Depository institution to release portion of amount subject to levy.

Utah § 59-1-1711

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

Text

(1) Subject to the other provisions of this section, a depository institution shall release the portion of the amount subject to a levy under this part that the commission may receive in accordance with Section 59-1-1710 from the depository institution.
(2) On the first business day after the day on which the commission provides the notice described in Subsection 59-1-1710(3) to the depository institution, the depository institution shall release the lesser of the following:

(2)(a) the portion of the amount the commission may receive in accordance with Section 59-1-1710 from the depository institution; or
(2)(b) the balance of the delinquent taxpayer's account on the first business day after the day on which the commission provides the notice described in Subsection 59-1-1710(3) to the depository institution minus:
(2)(b)(i) the $10 reimbursement to the depository institution described in Section 59-1-1713; and
(2)(b)(ii) the fees that an account holder agreed to pay the depository institution to process a writ of garnishment in a deposit agreement.

Legislative History

Enacted by Chapter 326, 2016 General Session