Title 12 — Banks and Banking
Chapter 4 — Taxation
§ 541. Tax on circulating notes generally
Statutory text
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
R.S. § 5214
Enacted · 12 U.S.C. § 541
R.S. § 5214
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code source credit
R.S. § 5214
0 of 1 references resolved to an enrolled provision · 1 unresolved
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.
Credits
1883 · 2 acts
- R.S. § 5214
- 1883Mar. 3, 1883, ch. 121, § 1, 22 Stat. 488.
Show as published
(R.S. § 5214; Mar. 3, 1883, ch. 121, § 1, 22 Stat. 488.)