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US Code · Through Public Law 119-103 (09/02/2026)

12 U.S.C. § 541: Tax on circulating notes generally

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Where this section sits in the code
  1. Title 12—BANKS AND BANKING
  2. CHAPTER 4—TAXATION

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.

Collected 2026-09-10T05:56:24Z. Source file · JSON

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