(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.

(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.

(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.

(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.