A State Tax Levy is the seizure of assets in the possession of a third party belonging to a delinquent taxpayer. A levy is issued for tax liability that has been established by the recording of a tax lien, authorized by a Distress Warrant, and after efforts to encourage voluntary payment by the taxpayer have failed. Bank accounts, certificates of deposit, notes payable, rents payable, cash value or proceeds of insurance, or any other money owed by a third party to a taxpayer may be seized to satisfy the liability.