Utah Statutes
§ 59-1-1503 — Nonrefundable credit -- Sales and use tax exemption -- Sales and use tax remittance.
Utah·Title 59 Revenue and Taxation·Ch. 59-1 General Taxation Policies·Part 59-1-15 Specie Legal Tender Act
(1)A nonrefundable individual income tax credit is allowed as provided in Section 59-10-1028 related to a capital gain on a transaction involving the exchange of one form of legal tender for another form of legal tender.
(2)Sales of currency or coin are exempt from sales and use taxes as provided in Subsection 59-12-104(50).
(3)The remittance of a sales and use tax on a transaction involving specie legal tender is as provided in Section 59-12-107.
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Utah § 59-1-1503 (Nonrefundable credit -- Sales and use tax exemption -- Sales and use tax remittance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 399, 2012 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.