34A-6-109. Scrap metal business--Recordkeeping requirements.

Each scrap metal business shall keep records of each transaction involving the purchase of nonferrous metal property that exceeds one hundred dollars, provided that records of any transaction involving a detached catalytic converter must be kept regardless of purchase price. The scrap metal business shall be able to produce an accurate and legible record of each transaction involving nonferrous metal property at the location where the scrap metal is purchased. The records shall contain the following:

(1)    Date, location, and value of the transaction;

(2)    Signature of the person selling the nonferrous metal property;

(3)    Name, street address, city, and state of the seller;

(4)    Photocopy of the seller's current driver license or other government issued picture identification card;

(5)    A description of the predominant types of nonferrous metal property involved in the transaction, including the weight, quantity, or volume of the scrap nonferrous metal; and

(6)    Name of the employee representing the scrap metal business in the transaction.

Source: SL 2008, ch 179, § 2; SL 2019, ch 161, § 1; SL 2022, ch 139, § 2.

34A-6-109.1. Purchases to be made by check or electronic funds transfer.

Any payment for the purchase of nonferrous metal property that exceeds one hundred dollars shall be made by either check or electronic funds transfer.

Source: SL 2019, ch 161, § 2.

34A-6-109.2. Purchase of catalytic converters--Limitations.

Only a scrap metal business with a valid state sales tax license may purchase a detached catalytic converter.

A person may not purchase, trade for, or pledge to buy a detached catalytic converter, or offer or advertise to purchase, trade for, or pledge to buy a detached catalytic converter, unless the person follows the requirements under §§ 34A-6-108 to 34A-6-112, inclusive.

Source: SL 2022, ch 139, § 3.