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2019 US Code
Title 12 - Banks and Banking
Chapter 4 - Taxation
Subchapter II - National Bank Circulation
Sec. 541 - Tax on circulating notes generally
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| 12 U.S.C. § 541 (2019) |
| §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.) |
|
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. |
| United States Code, 2018 Edition, Supplement 1, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 4 - TAXATION SUBCHAPTER II - NATIONAL BANK CIRCULATION Sec. 541 - Tax on circulating notes generally |
| section 541 |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 13 Stat. 111 22 Stat. 488 |
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