All accounts receivable and taxes receivable written off by the state agency as described above are thereby assigned for collection. The state agency must maintain all information relating to the receivables, which were written off. Officers and employees of the state agency may be required to participate in, and provide documentation for, hearings or litigation regarding the collection of the receivables. The due date for the report will be the first Friday in September and should be submitted to the Accounting Services Division. A complete or partial cancellation of a levy imposed by a government.
Abatements usually apply to tax levies, special assessments and service charges.
Classifying the account balances of all receivables by the amount not yet due or past due by varying lengths of time. A valuation account used to indicate the portion of a receivable which it is estimated will never be collected. The statutory authority granted certain state agencies to negotiate a settlement of a debt between the debtor and the agency. An account which is within stated terms and has not yet become past due. An account in which one or more scheduled payments have not been made.