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Utah Senate passes bill recognizing federal gold and silver coins as legal tender, directs study on tax treatment
Summary
The Senate passed First Substitute House Bill 317 to recognize federal gold and silver coins as legal tender in Utah and direct the Revenue and Taxation Interim Committee to study capital-gains handling; the measure passed 21–4 with 4 absent.
The Utah Senate on March 9, 2011 passed First Substitute House Bill 317, a measure to recognize federal gold and silver coins as legal tender in the state and to address related tax and handling questions. Senator Jenkins, the sponsor, described the bill as limited: it "recognizes gold and silver coins issued by the federal government to be legal tender in the state of…
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