There Is a Newer Version
of
the U.S. Code
2012 U.S. Code
Title 12 - Banks and Banking
Chapter 4 - TAXATION (§§ 531 - 570)
Subchapter II - NATIONAL BANK CIRCULATION (§§ 541 - 547)
Section 541 - Tax on circulating notes generally
NATIONAL BANK CIRCULATION - 12 U.S.C. § 541 (2012)
§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.)
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.
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