
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC5154]

 
                       TITLE 31--MONEY AND FINANCE
 
                           SUBTITLE IV--MONEY
 
                     CHAPTER 51--COINS AND CURRENCY
 
                       SUBCHAPTER V--MISCELLANEOUS
 
Sec. 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.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 992; Pub. L. 97-452, 
Sec. 1(22), Jan. 12, 1983, 96 Stat. 2477.)

                                          Historical and Revision Notes
                                                    1982 Act
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           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
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5154.................................  31:425, 426.                    Aug. 13,
 1894, ch. 281, 28 Stat. 278.
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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 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.
