Public Law 119-83 (04/13/2026)

12 U.S.C. § 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.

Mar. 3, 1883, ch. 121, § 1 22 Stat. 488 (R.S. § 5214; , .)

Editorial Notes

Codification

act June 3, 1864, ch. 106, § 41 13 Stat. 111 section 38 of this titleR.S. § 5214 derived from , , which was part of the National Bank Act. See .