Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-1-1707

Commission requirement to provide notice of levy to depository institution -- Duration of levy

Official textle.utah.gov10 subsections

# (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:

# (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

# (b)

identifying the account subject to levy.

# (2)

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

# (a)

the day on which the commission releases the levy;

# (b)

the day on which the delinquent taxpayer satisfies the liability; or

# (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:

# (a)

if the commission releases a levy, no later than one business day after the day on which the commission releases the levy; or

# (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.

Last amended: Enacted by Chapter 326, 2016 General Session

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