Utah Code 59-1-1707. Commission requirement to provide notice of levy to depository institution — Duration of levy
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(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:
Terms Used In Utah Code 59-1-1707
- Delinquent taxpayer: means a person against whom the commission is considered to have obtained a judgment for a liability under Section 59-1-1414. See Utah Code 59-1-1702
- Depository institution: is a depository institution described in Section 7-1-103 that holds or receives deposits, savings, or share accounts. See Utah Code 59-1-1702
- Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
- Liability: means the same as that term is defined in Section 59-1-1402. See Utah Code 59-1-1702
(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.