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.
31 U.S.C. § 5154
HISTORICAL AND REVISION NOTES 1982 ACT | ||
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
5154 | 31:425, 426. | Aug. 13, 1894, ch. 281, 28 Stat. 278. |
1983 ACTThis restates 31:5154 to clarify the intent of the section. See 26 Cong. Rec. 7152, 7170 (1894).
EDITORIAL NOTES
AMENDMENTS1983- Pub. L. 97-452 substituted "other forms of money" for "United States coins and currency circulating within its jurisdiction".
STATUTORY NOTES AND RELATED SUBSIDIARIES
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.