Tax agency funds assume liability for gross levies,not for the amounts the levying funds or units expect to collect.

Name: Tax agency funds assume liability for gross levies,not for the amounts the levying funds or units expect to collect.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Tax agency funds should attempt to collect all taxes billed, and should charge back to the levying fund or unit only taxes billed in error, or taxes that, after all legal and reasonable means of collection have been exhausted, cannot be collected.

Tax Agency Funds Assume Liability for Gross Levies,not for the Amounts