Section 59-1-1707 - Commission requirement to provide notice of levy to depository institution - Duration of levy(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.Added by Chapter 326, 2016 General Session ,§ 9, eff. 1/1/2017.