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H.B. 364 Enrolled

                 

PROFITS FROM SALE OF CRIME

                 
MEMORABILIA

                 
2004 GENERAL SESSION

                 
STATE OF UTAH

                 
Sponsor: Scott Daniels

                 
                  LONG TITLE
                  General Description:
                      This bill requires that profits gained from the sale of crime memorabilia shall be
                  deposited in the Crime Victim Reparation Fund.
                  Highlighted Provisions:
                      This bill:
                      .    defines memorabilia as an item owned by a person convicted of a first degree or
                  capital felony, if the item's value is enhanced by the nature of the offense;
                      .    defines profit as the proceeds from the transaction of a crime memorabilia item
                  which exceed the fair market value of the item;
                      .    requires that a person selling or transferring memorabilia remit to the Crime Victim
                  Reparation Fund the profit regarding the memorabilia; and
                      .    provides that a person who fails to remit the profit is subject to a civil penalty of
                  $1,000 per item or three times the profit of the item, whichever is greater.
                  Monies Appropriated in this Bill:
                      None
                  Other Special Clauses:
                      None
                  Utah Code Sections Affected:
                  ENACTS:
                      78-61-101, Utah Code Annotated 1953
                      78-61-102, Utah Code Annotated 1953
                 


                  Be it enacted by the Legislature of the state of Utah:
                      Section 1. Section 78-61-101 is enacted to read:
                 
CHAPTER 61. PROFITS FROM CRIME MEMORABILIA

                      78-61-101. Definitions.
                      As used in this chapter:
                      (1) "Conviction" means an adjudication by a federal or state court resulting from a trial or
                  plea, including a plea of no contest, nolo contendere, a finding of not guilty due to insanity, or not
                  guilty but mentally ill regardless of whether the sentence was imposed or suspended.
                      (2) "Fund" means the Crime Victim Reparation Fund created in Section 63-63a-4 .
                      (3) "Memorabilia" means any tangible property of a person convicted of a first degree or
                  capital felony, the value of which is enhanced by the notoriety gained from the conviction.
                      (4) "Profit" means any income or benefit over and above the fair market value of the
                  property that is received upon the sale or transfer of memorabilia.
                      Section 2. Section 78-61-102 is enacted to read:
                      78-61-102. Profit from sale of memorabilia -- Deposit in Crime Victim Reparation
                  Fund -- Penalty.
                      (1) Any person who receives a profit from the sale or transfer of memorabilia shall remit
                  to the fund:
                      (a) a complete, itemized accounting of the transaction, including:
                      (i) a description of each item sold;
                      (ii) the amount received for each item;
                      (iii) the estimated fair market value of each item; and
                      (iv) the name and address of the purchaser of each item; and
                      (b) a check or money order for the amount of the profit, which shall be the difference
                  between the amount received for the item and the estimated fair market value of the item.
                      (2) Any person who willfully violates Subsection (1) may be assessed a civil penalty of up
                  to $1,000 per item sold or transferred or three times the amount of the unremitted profit,
                  whichever is greater.

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