Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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168.0000 COINS AND BULLION—Regulation 1599

Annotation 168.0285


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.