| Short Title: | Utah Legal Tender Act |
| Legislature: | Utah State Legislature |
| Enacted By: | Utah House of Representatives |
| Date Passed: | March 4, 2011 |
| Enacted By2: | Utah State Senate |
| Date Passed2: | March 10, 2011 |
| Date Signed: | March 25, 2011 |
| Signed By: | Gov. Gary Herbert |
| Bill: | H.B. 317 |
| Introduced By: | Rep. Brad J. Galvez |
| 1St Reading: | February 24, 2011 |
| 2Nd Reading: | March 2, 2011 |
| 3Rd Reading: | March 4, 2011 |
| Bill2: | H.B. 317 |
| Introduced By2: | Sen. Scott K. Jenkins |
| 1St Reading2: | March 4, 2011 |
| 2Nd Reading2: | March 9, 2011 |
| 3Rd Reading2: | March 10, 2011 |
| Summary: | Recognizes gold and silver coins issued by the federal government as legal tender in the state |
| Status: | in force |
The Utah Legal Tender Act, passed March 10, 2011, recognizes gold and silver coins issued by the United States[1] as legal tender in the state of Utah.[2] 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,[3] among other provisions.[4] The bill was introduced as HB317 by State Representative Brad J. Galvez.[5]
The law does not violate the constitution of the USA as the constitution allows individual states to make gold and silver legal tender, affording the same power to the federal government but granting the federal government the additional power to issue paper money.[6]