- The purchase price in specie legal tender and the legal tender the seller is required to remit to the state tax commission,
- The amount of tax due in specie legal tender and the legal tender the seller is required to remit,
- The tax rate applicable to the purchase, and
- The date of the purchase
To determine the amount of tax due, the seller must use the most recent London fixing price for the specie legal tender the purchaser paid. Further, the Utah Legislature has authorized the state tax commission to determine the amount of tax due if the London fixing price is not available for a particular day.
An exemption is allowed for sales of currency or coins that constitute the legal tender of a state. Currently, sales of U.S. or foreign currency or coins only are exempt. An exemption also is allowed for sales of the following that do not qualify as legal tender, but have a gold, silver or platinum content of at least 50%:
- Bars, or