12 USC 541: Tax on circulating notes generally
Text contains those laws in effect on December 24, 2024
From Title 12-BANKS AND BANKINGCHAPTER 4-TAXATIONSUBCHAPTER II-NATIONAL BANK CIRCULATION
§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,
Editorial Notes
Codification
R.S. §5214 derived from act June 3, 1864, ch. 106, §41,