2015 US Code
Title 31 - Money and Finance (Sections 101 - 9705)
Subtitle IV - Money (Sections 5101 - 5367)
Chapter 51 - Coins and Currency (Sections 5101 - 5155)
Subchapter V - Miscellaneous (Sections 5151 - 5155)
Sec. 5154 - State taxation
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 31 - MONEY AND FINANCE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 31 - MONEY AND FINANCE SUBTITLE IV - MONEY CHAPTER 51 - COINS AND CURRENCY SUBCHAPTER V - MISCELLANEOUS Sec. 5154 - State taxation |
| Contains | section 5154 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 992; Pub. L. 97-452, §1(22), Jan. 12, 1983, 96 Stat. 2477. |
| Statutes at Large References | 28 Stat. 278 96 Stat. 992, 2477 |
| Public and Private Laws | Public Law 97-258, Public Law 97-452 |
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A State or a territory or possession of the United States may tax United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) as money on hand or on deposit in the same way and at the same rate that the State, territory, or possession taxes other forms of money. This section does not affect a law taxing national banks.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 992; Pub. L. 97–452, §1(22), Jan. 12, 1983, 96 Stat. 2477.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 5154 | 31:425, 426. | Aug. 13, 1894, ch. 281, 28 Stat. 278. |
The words "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks)" are substituted for "Circulating notes of national banking associations and United States legal tender notes and other notes and certificates of the United States payable on demand and circulating or intended to circulate as currency and gold, silver, or other coin" in 31:425 to eliminate unnecessary words and for consistency with section 5103 of the revised title.
1983 ACTThis restates 31:5154 to clarify the intent of the section. See 26 Cong. Rec. 7152, 7170 (1894).
AMENDMENTS1983—Pub. L. 97–452 substituted "other forms of money" for "United States coins and currency circulating within its jurisdiction".
EFFECTIVE DATE OF 1983 AMENDMENTAmendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title.
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