Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
168.0000 COINS AND BULLION—Regulation 1599
168.0285 Olympic Commemorative Coins. The "Olympic Commemorative Coin Act," P.L. 97–220, authorized the Secretary of the Treasury to have the U.S. Mint issue three coins with designs emblematic of the Summer Olympic Games to be held in Los Angeles in 1984. The sale of the coins are exempt from sales tax as no tax can be imposed on the United States. Also, the purchase of the coins are exempt from use tax by section 6402. Subsequent sales of these coins by retailers will be subject to tax. 9/20/83.