2018 US Code
Title 31 - Money and Finance
Subtitle IV - Money
Chapter 51 - Coins and Currency
Subchapter V - Miscellaneous
Sec. 5154 - State taxation
31 U.S.C. § 5154 (2018) | ||||||
§5154. State taxation | ||||||
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. |
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(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 992; Pub. L. 97–452, §1(22), Jan. 12, 1983, 96 Stat. 2477.) |
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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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United States Code, 2018 Edition, Title 31 - MONEY AND FINANCE | ||||||
Bills and Statutes | ||||||
United States Code | ||||||
Y 1.2/5: | ||||||
Title 31 - MONEY AND FINANCE SUBTITLE IV - MONEY CHAPTER 51 - COINS AND CURRENCY SUBCHAPTER V - MISCELLANEOUS Sec. 5154 - State taxation |
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section 5154 | ||||||
2018 | ||||||
January 14, 2019 | ||||||
Yes | ||||||
standard | ||||||
28 Stat. 278 96 Stat. 992, 2477 |
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Public Law 97-258, Public Law 97-452 |