1st Sub. H.B. 157
         CURRENCY AMENDMENTS

House Floor Amendments

Amendment 1 February 24, 2012 5:33 PM



Representative Brad J. Galvez proposes the following amendments:

1.    Page 2, Lines 28 through 31 :    

             28          .    addresses the remittance of sales and use taxes on certain transactions involving
             29      specie legal tender;
  and      

             30     
{       .    addresses the construction of a statute involving legal tender; and   }

             31          .    makes technical and conforming changes.

2.    Page 2, Lines 46 through 50 :    

             46      ENACTS:
             47          59-1-1501.1, Utah Code Annotated 1953
             48          59-1-1505, Utah Code Annotated 1953
             49          59-1-1506, Utah Code Annotated 1953
             50     
{       68-3-15, Utah Code Annotated 1953   }


3.    Page 39, Line 1199 through Page 40, Line 1206 :    

             1199     
{       Section 11. Section 68-3-15 is enacted to read:

             1200          68-3-15. Construction of certain statutes related to legal tender.
             1201          A statute may not be construed so as to create a significant impediment to the use of
             1202      one form of legal tender over another form of legal tender in a private transaction.  
}

             1203          Section
{   12   }        12       . Repealer.

             1204          This bill repeals:
             1205          Section 59-1-1504, Revenue and Taxation Interim Committee study.
             1206          Section
{   13   }        13       . Effective date -- Retrospective operation.


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