Utah Statutes
§ 59-1-1503 — Nonrefundable credit -- Sales and use tax exemption -- Sales and use tax remittance.
Utah § 59-1-1503
JurisdictionUtah
Title 59Revenue and Taxation
Ch. 59-1General Taxation Policies
Part 59-1-15Specie Legal Tender Act
This text of Utah § 59-1-1503 (Nonrefundable credit -- Sales and use tax exemption -- Sales and use tax remittance.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 59-1-1503 (2026).
Text
(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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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.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 59-1-1503, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/59-1-1503.