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Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-1-1503

Nonrefundable credit -- Sales and use tax exemption -- Sales and use tax remittance

Official textle.utah.gov

# (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.

Last amended: Amended by Chapter 399, 2012 General Session

Source: view the official text

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In this chapter (40 sections)
  1. 59-1-1402.1 · Exceptions to applicability of this part
  2. 59-1-1403 · Commission to collect a tax, fee, or charge -- Receipt for…
  3. 59-1-1404 · Definition -- Mailing procedures -- Rulemaking authority --…
  4. 59-1-1405 · Notice of deficiency -- Notice of assessment -- Amended…
  5. 59-1-1406 · Record retention -- Commission estimates tax if person…
  6. 59-1-1407 · Mathematical errors
  7. 59-1-1408 · Assessments
  8. 59-1-1409 · Definition -- Recomputation of amounts due -- Refunds…
  9. 59-1-1410 · Action for collection of tax, fee, or charge -- Action for…
  10. 59-1-1411 · Notice and demand
  11. 59-1-1412 · Applicability of section -- Delinquent payment -- Notice to…
  12. 59-1-1413 · Lien for a liability
  13. 59-1-1414 · Warrant procedures -- Judgment -- Notice requirements after…
  14. 59-1-1415 · Release of lien
  15. 59-1-1416 · Transferees
  16. 59-1-1417 · Burden of proof -- Statutory construction
  17. 59-1-1418 · Suspension of running of statute of limitations
  18. 59-1-1419 · Venue -- Section does not affect right to seek judicial…
  19. 59-1-1420 · Administrative garnishment order for liability
  20. 59-1-1502 · Specie legal tender is legal tender in the state -- Person…
  21. 59-1-1503 · Nonrefundable credit -- Sales and use tax exemption --…
  22. 59-1-1505 · Attorney general to enforce part
  23. 59-1-1506 · Severability clause
  24. 59-1-1602 · Definitions
  25. 59-1-1603 · Applicability of part
  26. 59-1-1604 · Arguments for and against a ballot proposition -- Rebuttal…
  27. 59-1-1605 · Public meeting requirements
  28. 59-1-1702 · Definitions
  29. 59-1-1703 · Depository institution data match system
  30. 59-1-1704 · Election to enter into an agreement
  31. 59-1-1705 · Requirement to access depository institution data match…
  32. 59-1-1706 · Requirement for a depository institution to provide…
  33. 59-1-1707 · Commission requirement to provide notice of levy to…
  34. 59-1-1708 · Depository institution requirement to secure amount subject…
  35. 59-1-1709 · Commission to send notice to delinquent taxpayer
  36. 59-1-1710 · Commission to determine portion of an amount subject to…
  37. 59-1-1711 · Depository institution to release portion of amount subject…
  38. 59-1-1712 · Limitations on commission authority to levy
  39. 59-1-1713 · Commission payment to depository institution to secure…
  40. 59-1-1714 · Amount levied or released in error -- Rulemaking authority
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