A. There shall be exempt from levy the money or property of a delinquent taxpayer in a total amount or value not in excess of one thousand dollars ($1,000).
B. In addition to the property exempt under Subsection A of this section, there shall also be exempt from levy on an employer of the taxpayer the greater of the following portions of the taxpayer's disposable earnings:
(1) seventy-five percent of the taxpayer's disposable earnings for any pay period; or
(2) an amount each week equal to forty times the federal minimum hourly wage rate.
The superintendent of the regulation and licensing department shall provide a table giving equivalent exemptions for pay periods of other than one week.
C. As used in this section:
(1) "disposable earnings" means that part of a taxpayer's wages or salary remaining after deducting the amounts that are required by law to be withheld; and
(2) "federal minimum hourly wage" means the current highest federal minimum hourly wage rate for an eight-hour day and a forty-hour week. It is immaterial whether the employer is exempt under federal law from paying the federal minimum hourly wage rate.
A. There shall be exempt from levy the money or property of a delinquent taxpayer in a total amount or value not in excess of one thousand dollars ($1,000).
B. In addition to the property exempt under Subsection A of this section, there shall also be exempt from levy on an employer of the taxpayer the greater of the following portions of the taxpayer's disposable earnings:
(1) seventy-five percent of the taxpayer's disposable earnings for any pay period; or
(2) an amount each week equal to forty times the federal minimum hourly wage rate.
The superintendent of the regulation and licensing department shall provide a table giving equivalent exemptions for pay periods of other than one week.
C. As used in this section:
(1) "disposable earnings" means that part of a taxpayer's wages or salary remaining after deducting the amounts that are required by law to be withheld; and
(2) "federal minimum hourly wage" means the current highest federal minimum hourly wage rate for an eight-hour day and a forty-hour week. It is immaterial whether the employer is exempt under federal law from paying the federal minimum hourly wage rate.
A. There shall be exempt from levy the money or property of a delinquent taxpayer in a total amount or value not in excess of one thousand dollars ($1,000).
B. In addition to the property exempt under Subsection A of this section, there shall also be exempt from levy on an employer of the taxpayer the greater of the following portions of the taxpayer's disposable earnings:
(1) seventy-five percent of the taxpayer's disposable earnings for any pay period; or
(2) an amount each week equal to forty times the federal minimum hourly wage rate.
The superintendent of the regulation and licensing department shall provide a table giving equivalent exemptions for pay periods of other than one week.
C. As used in this section:
(1) "disposable earnings" means that part of a taxpayer's wages or salary remaining after deducting the amounts that are required by law to be withheld; and
(2) "federal minimum hourly wage" means the current highest federal minimum hourly wage rate for an eight-hour day and a forty-hour week. It is immaterial whether the employer is exempt under federal law from paying the federal minimum hourly wage rate.
