12 U.S. Code § 541 - Tax on circulating notes generally

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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.)

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.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

12 USCDescription of ChangeSession YearPublic LawStatutes at Large


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