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It can mean to impose or collect; such as "to levy a tax."

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11y ago

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What is difference between a tax and a Levy?

A tax is a compulsory contribution imposed by the government on individuals or businesses to fund public services. A levy is a specific type of tax that is imposed for a particular purpose, such as funding a specific project or service. In essence, a levy is a form of tax, but with a designated use or target.


IS IT illegal for a levy holder to request bank statements and paycheck stub?

No, it is not illegal for a levy holder to request bank statements and paycheck stubs when enforcing a levy. The levy holder is legally entitled to gather information about the taxpayer's financial situation in order to assess and collect the owed funds. However, they must follow legal procedures and obtain necessary permissions to access this information.


Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?

Yes, in Texas, an attorney can place a levy on a bank account as a means to enforce a default judgment on an unsecured credit account. This levy allows the attorney to collect the specified amount owed from the debtor's bank account to satisfy the judgment.


Which states allow cities or counties to levy income and sales tax?

States such as Alabama, Alaska, Arizona, and California allow cities or counties to levy income and sales tax. The authority for local governments to impose these taxes can vary by state and is subject to state laws and regulations.


What are Delaware state bank levy laws?

The State of Delaware prohibits bank garnishments with the exception of a tax levy. Just to be clear, the only way that your bank account can be garnished in Delaware is if you owe back taxes. To clarify about the Delaware bank account: It is not enough just to open the account in Delaware. You have to have a Delaware address on the bank account. The exception is to this is to open an account at a bank that only has branches in Delaware. Then, as I understand it, you can have any address you want on the account.