U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2024 Edition Title 12 - BANKS AND BANKING CHAPTER 4 - TAXATION SUBCHAPTER II - NATIONAL BANK CIRCULATION Sec. 541 - Tax on circulating notes generally From the U.S. Government Publishing Office, www.gpo.gov §541. Tax on circulating notes generally In lieu of all existing taxes, every association shall pay to the Treasurer of the United States, in the months of January and July, a duty of one-half of 1 per centum each half year upon the average amount of its notes in circulation. (R.S. §5214; Mar. 3, 1883, ch. 121, §1, 22 Stat. 488.) Editorial Notes Codification R.S. §5214 derived from act June 3, 1864, ch. 106, §41, 13 Stat. 111, which was part of the National Bank Act. See section 38 of this title.
12 U.S.C. § 541
§541. Tax on circulating notes generally
Edition 2024