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us-co/statute/39/39-21-114.5 — Surrender of property subject to levy - definition · Axiom

Surrender of property subject to levy - definition

7 rules0 of 3 subsections

Official source

in view

Whole section

Encodings · 7

financial_institution_deposit_surrender_deadline_daysCO 39 § 39-21-114.5 · parameter

C.R.S. 39-21-114.5(1)(b)

name: financial_institution_deposit_surrender_deadline_days
kind: parameter
dtype: Integer
source: C.R.S. 39-21-114.5(1)(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
          excerpt: within twenty-one days after service of the levy
versions:
  - effective_from: '0001-01-01'
    formula: '21'

employer_wage_surrender_deadline_daysCO 39 § 39-21-114.5 · parameter

C.R.S. 39-21-114.5(1)(c)

name: employer_wage_surrender_deadline_days
kind: parameter
dtype: Integer
source: C.R.S. 39-21-114.5(1)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
          excerpt: within twenty-one days after the end of the taxpayer's pay period
versions:
  - effective_from: '0001-01-01'
    formula: '21'

wage_levy_maximum_rateCO 39 § 39-21-114.5 · parameter

C.R.S. 39-21-114.5(1)(c)

name: wage_levy_maximum_rate
kind: parameter
dtype: Rate
source: C.R.S. 39-21-114.5(1)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
          excerpt: >-
            may not exceed twenty-five percent of the taxpayer's disposable
            earnings
versions:
  - effective_from: '0001-01-01'
    formula: '0.25'

surrender_to_executive_director_requiredCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(1)(a)

name: surrender_to_executive_director_required
kind: derived
entity: Person
dtype: Judgment
period: Day
source: C.R.S. 39-21-114.5(1)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: >-
      executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

      and not person_has_valid_right_of_setoff_at_time_of_demand

      and not person_has_interest_superior_to_department_at_time_of_demand

wage_levy_continuesCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(1)(c)

name: wage_levy_continues
kind: derived
entity: Employer
dtype: Judgment
period: Day
source: C.R.S. 39-21-114.5(1)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: |-
      wage_levy_has_been_made
      and not department_has_released_wage_levy

non_surrender_liabilityCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(2)

name: non_surrender_liability
kind: derived
entity: Person
dtype: Money
unit: USD
period: Day
source: C.R.S. 39-21-114.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if
      executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession
      and person_fails_or_refuses_to_surrender_property_or_rights:
      min(value_of_property_or_rights_not_surrendered,
      liability_for_which_levy_was_made) else: 0

obligations_arising_from_surrender_or_payment_dischargedCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(3)

name: obligations_arising_from_surrender_or_payment_discharged
kind: derived
entity: Person
dtype: Judgment
period: Day
source: C.R.S. 39-21-114.5(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: >-
      executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

      and (person_surrenders_property_or_rights_to_executive_director

      or person_pays_liability_required_under_subsection_2)

▸rulespec code

Shown source

statutes/39/39-21-114.5.yaml

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View on GitHub

Rules

financial_institution_deposit_surrender_deadline_days

Parameter

source: C.R.S. 39-21-114.5(1)(b)

- name: financial_institution_deposit_surrender_deadline_days
  kind: parameter
  dtype: Integer
  source: C.R.S. 39-21-114.5(1)(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
            excerpt: within twenty-one days after service of the levy
  versions:
    - effective_from: '0001-01-01'
      formula: '21'

employer_wage_surrender_deadline_days

Parameter

source: C.R.S. 39-21-114.5(1)(c)

- name: employer_wage_surrender_deadline_days
  kind: parameter
  dtype: Integer
  source: C.R.S. 39-21-114.5(1)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
            excerpt: within twenty-one days after the end of the taxpayer's pay period
  versions:
    - effective_from: '0001-01-01'
      formula: '21'

wage_levy_maximum_rate

Parameter

source: C.R.S. 39-21-114.5(1)(c)

- name: wage_levy_maximum_rate
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-21-114.5(1)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
            excerpt: may not exceed twenty-five percent of the taxpayer's disposable earnings
  versions:
    - effective_from: '0001-01-01'
      formula: '0.25'

surrender_to_executive_director_required

Derived

source: C.R.S. 39-21-114.5(1)(a)

- name: surrender_to_executive_director_required
  kind: derived
  entity: Person
  dtype: Judgment
  period: Day
  source: C.R.S. 39-21-114.5(1)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

        and not person_has_valid_right_of_setoff_at_time_of_demand

        and not person_has_interest_superior_to_department_at_time_of_demand

wage_levy_continues

Derived

source: C.R.S. 39-21-114.5(1)(c)

- name: wage_levy_continues
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Day
  source: C.R.S. 39-21-114.5(1)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        wage_levy_has_been_made
        and not department_has_released_wage_levy

non_surrender_liability

Derived

source: C.R.S. 39-21-114.5(2)

- name: non_surrender_liability
  kind: derived
  entity: Person
  dtype: Money
  unit: USD
  period: Day
  source: C.R.S. 39-21-114.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if
        executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession
        and person_fails_or_refuses_to_surrender_property_or_rights:
        min(value_of_property_or_rights_not_surrendered, liability_for_which_levy_was_made) else: 0

obligations_arising_from_surrender_or_payment_discharged

Derived

source: C.R.S. 39-21-114.5(3)

- name: obligations_arising_from_surrender_or_payment_discharged
  kind: derived
  entity: Person
  dtype: Judgment
  period: Day
  source: C.R.S. 39-21-114.5(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

        and (person_surrenders_property_or_rights_to_executive_director

        or person_pays_liability_required_under_subsection_2)

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 13-54-104 (1)inferredCO › Statutes › Title 39 › § 13-54-104 › (1)

loading…

Surrender of property subject to levy - definition

7 rules0 of 3 subsections

Official source

in view

Whole section

Encodings · 7

financial_institution_deposit_surrender_deadline_daysCO 39 § 39-21-114.5 · parameter

C.R.S. 39-21-114.5(1)(b)

name: financial_institution_deposit_surrender_deadline_days
kind: parameter
dtype: Integer
source: C.R.S. 39-21-114.5(1)(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
          excerpt: within twenty-one days after service of the levy
versions:
  - effective_from: '0001-01-01'
    formula: '21'

employer_wage_surrender_deadline_daysCO 39 § 39-21-114.5 · parameter

C.R.S. 39-21-114.5(1)(c)

name: employer_wage_surrender_deadline_days
kind: parameter
dtype: Integer
source: C.R.S. 39-21-114.5(1)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
          excerpt: within twenty-one days after the end of the taxpayer's pay period
versions:
  - effective_from: '0001-01-01'
    formula: '21'

wage_levy_maximum_rateCO 39 § 39-21-114.5 · parameter

C.R.S. 39-21-114.5(1)(c)

name: wage_levy_maximum_rate
kind: parameter
dtype: Rate
source: C.R.S. 39-21-114.5(1)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
          excerpt: >-
            may not exceed twenty-five percent of the taxpayer's disposable
            earnings
versions:
  - effective_from: '0001-01-01'
    formula: '0.25'

surrender_to_executive_director_requiredCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(1)(a)

name: surrender_to_executive_director_required
kind: derived
entity: Person
dtype: Judgment
period: Day
source: C.R.S. 39-21-114.5(1)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: >-
      executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

      and not person_has_valid_right_of_setoff_at_time_of_demand

      and not person_has_interest_superior_to_department_at_time_of_demand

wage_levy_continuesCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(1)(c)

name: wage_levy_continues
kind: derived
entity: Employer
dtype: Judgment
period: Day
source: C.R.S. 39-21-114.5(1)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: |-
      wage_levy_has_been_made
      and not department_has_released_wage_levy

non_surrender_liabilityCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(2)

name: non_surrender_liability
kind: derived
entity: Person
dtype: Money
unit: USD
period: Day
source: C.R.S. 39-21-114.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if
      executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession
      and person_fails_or_refuses_to_surrender_property_or_rights:
      min(value_of_property_or_rights_not_surrendered,
      liability_for_which_levy_was_made) else: 0

obligations_arising_from_surrender_or_payment_dischargedCO 39 § 39-21-114.5 · derived

C.R.S. 39-21-114.5(3)

name: obligations_arising_from_surrender_or_payment_discharged
kind: derived
entity: Person
dtype: Judgment
period: Day
source: C.R.S. 39-21-114.5(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-21-114.5
versions:
  - effective_from: '0001-01-01'
    formula: >-
      executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

      and (person_surrenders_property_or_rights_to_executive_director

      or person_pays_liability_required_under_subsection_2)

▸rulespec code

Shown source

statutes/39/39-21-114.5.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

financial_institution_deposit_surrender_deadline_days

Parameter

source: C.R.S. 39-21-114.5(1)(b)

- name: financial_institution_deposit_surrender_deadline_days
  kind: parameter
  dtype: Integer
  source: C.R.S. 39-21-114.5(1)(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
            excerpt: within twenty-one days after service of the levy
  versions:
    - effective_from: '0001-01-01'
      formula: '21'

employer_wage_surrender_deadline_days

Parameter

source: C.R.S. 39-21-114.5(1)(c)

- name: employer_wage_surrender_deadline_days
  kind: parameter
  dtype: Integer
  source: C.R.S. 39-21-114.5(1)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
            excerpt: within twenty-one days after the end of the taxpayer's pay period
  versions:
    - effective_from: '0001-01-01'
      formula: '21'

wage_levy_maximum_rate

Parameter

source: C.R.S. 39-21-114.5(1)(c)

- name: wage_levy_maximum_rate
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-21-114.5(1)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
            excerpt: may not exceed twenty-five percent of the taxpayer's disposable earnings
  versions:
    - effective_from: '0001-01-01'
      formula: '0.25'

surrender_to_executive_director_required

Derived

source: C.R.S. 39-21-114.5(1)(a)

- name: surrender_to_executive_director_required
  kind: derived
  entity: Person
  dtype: Judgment
  period: Day
  source: C.R.S. 39-21-114.5(1)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

        and not person_has_valid_right_of_setoff_at_time_of_demand

        and not person_has_interest_superior_to_department_at_time_of_demand

wage_levy_continues

Derived

source: C.R.S. 39-21-114.5(1)(c)

- name: wage_levy_continues
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Day
  source: C.R.S. 39-21-114.5(1)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        wage_levy_has_been_made
        and not department_has_released_wage_levy

non_surrender_liability

Derived

source: C.R.S. 39-21-114.5(2)

- name: non_surrender_liability
  kind: derived
  entity: Person
  dtype: Money
  unit: USD
  period: Day
  source: C.R.S. 39-21-114.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if
        executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession
        and person_fails_or_refuses_to_surrender_property_or_rights:
        min(value_of_property_or_rights_not_surrendered, liability_for_which_levy_was_made) else: 0

obligations_arising_from_surrender_or_payment_discharged

Derived

source: C.R.S. 39-21-114.5(3)

- name: obligations_arising_from_surrender_or_payment_discharged
  kind: derived
  entity: Person
  dtype: Judgment
  period: Day
  source: C.R.S. 39-21-114.5(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-21-114.5
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        executive_director_demands_surrender_of_taxpayer_property_or_rights_subject_to_levy_in_persons_possession

        and (person_surrenders_property_or_rights_to_executive_director

        or person_pays_liability_required_under_subsection_2)

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 13-54-104 (1)inferredCO › Statutes › Title 39 › § 13-54-104 › (1)

(1) For any person in possession of property or rights to property owned by or owing to a taxpayer that is subject to levy:

(a)(I) Except as provided in subsection (1)(a)(II) of this…#

(a) (I) Except as provided in subsection (1)(a)(II) of this section, a person shall, upon demand of the executive director, surrender the property or the rights to the property subject to levy to the executive director.

(II) A person is not required to surrender the property or the rights to the property belonging to the taxpayer that is subject to levy to the executive director if the person, at the time of the demand, has a valid right of setoff or an interest superior to the department's.

(b)If the person is a bank or other financial institution,…#

(b) If the person is a bank or other financial institution, the bank or other financial institution shall surrender any deposits in the bank or financial institution within twenty-one days after service of the levy.

(c)If the person is an employer, the employer shall…#

(c) If the person is an employer, the employer shall surrender salary or wages within twenty-one days after the end of the taxpayer's pay period. The effect of a levy on salary or wages payable to or received by a taxpayer is continuous from the date the levy is first made until the department releases the levy. The levy for any pay period may not exceed twenty-five percent of the taxpayer's disposable earnings. For purposes of this section, disposable earnings has the same meaning as set forth in section 13-54-104 (1).

(2) Any person who fails to or refuses to surrender property or rights to property owned by or owing to a taxpayer that is subject to levy upon demand by the executive director is liable to the state for a sum equal to the value of the property or the rights to the property that is not surrendered, not to exceed the amount of the liability for which the levy was made. Any amount recovered under this subsection (2) is credited against the liability for which the levy was made.

(3) Any person in possession of property or rights to the property belonging to a taxpayer that is subject to levy and upon which a levy has been made, who, upon demand by the executive director, surrenders such property or rights to the property to the executive director or who pays the liability required under subsection (2) of this section is discharged from any obligation or liability to the taxpayer and any other person with respect to the property or rights to the property arising from the surrender or payment.