12 U.S.C. § 541

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 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.

12 U.S.C. § 541

R.S. §5214; Mar. 3, 1883, ch. 121, §1, 22 Stat. 488.

EDITORIAL NOTES

CODIFICATIONR.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.