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Frequently Asked Questions
Pursuant to City Ordinance #64457, the Funds Committee, consisting of the Mayor, the Comptroller, and the Treasurer is required each year to evaluate the financial institutions seeking to be City depositories. According to the city code, the Treasurer’s office has the authority to encourage banks and financial institutions to increase their financial commitment to the revitalization of the City through mortgage and home improvement loans to credit-worthy individuals and through commercial loans to facilitate development and redevelopment throughout the City.
The Treasurer advertises annually for the submission, by March 1 in each year, of applications from regularly organized national and state depositories insured by the Federal Deposit Insurance Corporation for certification as depositories for funds of the City. For more information, please visit:
If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in. For instance, the IRS could levy property that is yours, which may include your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions. Upon receipt of a levy, the Treasurer’s Office will use IRS guidelines in calculation the amount to be deducted from your payroll check.
The IRS will usually levy only after these three requirements are met:
- The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
- You neglected or refused to pay the tax; and
- The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy. The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested. Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax. See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.
A levy is a legal seizure of your property to satisfy a tax debt. Levies may be issued by the state or federal government to satisfy the tax debt.
Federal law places limits on how much judgment creditors can take from your paycheck. The amount that can be garnished is limited to 25% of your disposable earnings (what’s left after mandatory deductions) or the amount by which your weekly wages exceed 30 times the minimum wage, whichever is lower. The amount is determined by the courts.
- Figure out who is garnishing you and for what by contacting the Garnishment Clerkin the Treasurer’s Office.
- Talk to an attorney and, if appropriate, retain their services. The Treasurer’s Office does not provide legal advice. We simply administer legally mandated garnishments.
Wage garnishment is the process of deducting money from an employee’s monetary compensation (including salary), usually as a result of a court order. Wage garnishments may continue until the entire debt is paid or arrangements are made to pay off the debt.
Each state has its own laws on when current child support ends. You must review the laws of the state where your order was entered to determine when current child support ends. The Intergovernmental Reference Guide provides information on other states’ termination of support laws.
- Section 452.340, Revised Statutes of Missouri (RSMo), governs when a parent’s obligation to pay current child support terminates on an order entered by a Missouri court or the Family Support Division (FSD). The Treasurer’s Office must receive an updated court order to make any changes regarding child support. An obligation can only be terminated by:
- Affidavit for Termination of Child Support filed according to subsection 452.340.12, RSMo; or
- The child turning 21 years old.
The Treasurer has the following obligations:
- Must report information about new employees to the Missouri Department of Revenue (sections 285.300 to 285.306, RSMo);
- May be directed to provide salary and benefit information for a specific employee to Missouri Child Support or another state’s child support enforcement agency (section 454.440, RSMo);
- May be ordered to withhold and pay over family support from an employee’s wages (sections 452.350 and 454.505, and sections 454.932 to 454.941, RSMo); and
- May be ordered to enroll an employee’s child in a health benefit plan and to withhold the appropriate premium amount from the employee’s wages (sections 454.600 to 454.645, RSMo).