
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC541]

 
                       TITLE 12--BANKS AND BANKING
 
                           CHAPTER 4--TAXATION
 
                SUBCHAPTER II--NATIONAL BANK CIRCULATION
 
Sec. 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. Sec. 5214; Mar. 3, 1883, ch. 121, Sec. 1, 22 Stat. 488.)

                          Codification

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