§ 5154. State taxation
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/usc/title-31/section-5154A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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).
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U.S. Code
6 references not yet in our index
- Pub. L. 97–258
- 96 Stat. 992
- Pub. L. 97–452, § 1(22)
- 96 Stat. 2477
- Pub. L. 97–452
- section 2(i) of Pub. L. 97–452
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§ 5154
State taxation
Pub. L.Pub. L. 97–258
Stat.96 Stat. 992
Pub. L.Pub. L. 97–452, § 1(22)
Stat.96 Stat. 2477
Pub. L.Pub. L. 97–452
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