FEDERAL · 12 U.S.C. · Chapter 4
Tax on circulating notes generally
Current through Pub. L. 119-99
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.
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12 U.S.C. § 541 (Tax on circulating notes generally) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
United States v. Simpson
885 F.2d 36 (Third Circuit, 1989)
Source Credit
History
(R.S. §5214; Mar. 3, 1883, ch. 121, §1, 22 Stat. 488.)
Editorial Notes
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.
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.