Tenn. Comp. R. & Regs. 1320-02-01-.03

Current through October 22, 2024

Section 1320-02-01-.03 - LEVY AND DISTRAINT-NOTICE AND DEMAND

If any person liable to pay any tax neglects or refuses to pay the same within ten (10) days after notice and demand, it shall be lawful for the commissioner or his delegate to collect such tax (and such further sum as shall be sufficient to cover the expenses of the levy) by levy. A levy may be made hereunder upon:

(1) all property owned by the taxpayer,

(2) all rights to property belonging to such taxpayer, and

(3) all property or rights to property possessed by any person on which property or rights to property there is a lien provided by law for the payment of such tax.

Tenn. Comp. R. & Regs. 1320-02-01-.03

Original rule filed June 7, 1974. Amendment filed June 22, 1989; effective September 27, 1989. Amendment filed June 29, 2000; effective September 11, 2000.

Authority: T.C.A. §§ 67-1-1439 and 67-1-1405.