59-31-301. Taxation of specialized product.
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Effective 1/1/2027
59-31-301. Taxation of specialized product.
(1)A tax is imposed on a specialized product at a rate of 5.3% multiplied by the retail price.
(a)Except as provided in Subsection (2)(c) , a retailer shall collect the tax imposed under Subsection
(1)from a consumer at the time the specialized product is sold.
(b)A consumer that purchases or receives an untaxed specialized product shall pay the tax at the time the specialized product is first received in this state.
(c)A retailer may elect not to collect the tax described in Subsection (2)(a) only if the retailer:
(i)is located outside of the state; and
(ii)does not meet the requirements of Subsection 59-12-107(2)(c) .
Amended by Chapter 482 , 2026 General Session