United States Code
USC most recently checked for updates: Jun 09, 2025
§ 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.)
cite as: 12 USC 541
