Chapter 281. To subject to State taxation national bank notes and United States Treasury notes
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CHAP. 281.— An Act To subject to State taxation national bank notes and United States Treasury notes.August 13, 1894. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,State taxation of national currency and United States notes authorized. That 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 shall be subject to taxation as money on hand or on deposit *Proviso*.To be taxed as other money.under the. laws of any State or Territory: *Provided*, That any such taxation shall be exercised in the same manner and at the same rate that any such State or Territory shall tax money or currency circulating as money within its jurisdiction.
Sec. 2. That the provisions of this Act shall not be deemed or heldExisting laws. to change existing laws in respect of the taxation of national banking associations. Approved, August 13, 1894.