31-U.S.C.-5154

§5154 – State Taxation

Pathway

Title 31 > Subtitle IV > Chapter 51 > Subchapter V > Section 5154

Details

• Reference: Section 5154
• Legend: §5154 – State Taxation
• USCode Year: 2013

Provision Content

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.)

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 Act

This restates 31:5154 to clarify the intent of the section. See 26 Cong. Rec. 7152, 7170 (1894).

Amendments

1983—Pub. L. 97–452 substituted other forms of money for United States coins and currency circulating within its jurisdiction.

Effective Date of 1983 Amendment

Amendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title.

U.S. Encyclopedia of Law Coverage

Subchapter III – United States Mint in the Legal Encyclopedia: Money

In this entry about Subchapter III – United States Mint, find legal reference material, bibliographies and premiere content related to money in the American Encyclopedia of Law, presenting a comprehensive view of the United States money-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 31 (Money And Finance) guided by subject interests.