Section 1501.1 – Definitions.
59-1-1501.1. Definitions. Subject to Subsection 59-1-1502(3), as used in this part, “specie legal tender” means gold or silver coin that is issued by the United States. Enacted by Chapter 399, 2012 General Session
Section 1502 – Specie legal tender is legal tender in the state — Person may not compel another person to tender or accept specie legal tender — Court or congressional action to authorize gold or silver coin or bullion as legal tender.
59-1-1502. Specie legal tender is legal tender in the state — Person may not compel another person to tender or accept specie legal tender — Court or congressional action to authorize gold or silver coin or bullion as legal tender. (1) Specie legal tender is legal tender in the state. (2) Except as expressly provided […]
Section 1503 – Nonrefundable credit — Sales and use tax exemption — Sales and use tax remittance.
59-1-1503. Nonrefundable credit — Sales and use tax exemption — Sales and use tax remittance. (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 […]
Section 1505 – Attorney general to enforce part.
59-1-1505. Attorney general to enforce part. The attorney general shall enforce this part. Enacted by Chapter 399, 2012 General Session
Section 1506 – Severability clause.
59-1-1506. Severability clause. If any provision of this part or the application of any provision to any person or circumstance is held invalid by a final decision of a court of competent jurisdiction, the remainder of this part shall be given effect without the invalid provision or application. The provisions of this part are severable. […]