§541. Tax on circulating notes generally
As of today
12 U.S.C. § 541
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.
Notes, amendments, and revision history
(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.