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About: Utah Legal Tender Act     Goto   Sponge   NotDistinct   Permalink

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The Utah Legal Tender Act, which was passed March 10, 2011, recognizes gold and silver coins issued by the United States as legal tender in the state of Utah. This includes allowing the state of Utah to pay off debts in gold and silver and allowing individuals to transact in gold and silver coins without paying state capital gains tax, among other provisions. The bill was introduced as HB317 by State Representative Brad J. Galvez.