{"data":{"id":"us/12-u.s.c.-541","jurisdiction":"us","citation":"12 U.S.C. § 541","heading":"Tax on circulating notes generally","body":"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.","path":["Title 12—BANKS AND BANKING","CHAPTER 4—TAXATION"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"06081064413020b904277d3cc0a2be294fdd5f170078003abafb05bf00f577c0","source_id":"us","stale":false,"prev":"us/12-u.s.c.-531","next":"us/12-u.s.c.-542"},"notice":"GroundRules: Original legal text. Not legal advice."}