Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
1.4 KiB
Markdown
42 lines
1.4 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 541"
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description: "Tax on circulating notes generally"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "4"
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chapter_name: "TAXATION"
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section: "541"
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citation: "12 U.S.C. § 541"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s541"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "d2f1385ec9a470a4c402320342ca60daf993a7ad1b3bfba3fee19d7904bca6ce"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "5a89f4d4f1ebca7e4db78dc5b65af85641ab1c79e10c5902816a64b0e2934684"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 541 - Tax on circulating notes generally
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## Text
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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.
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(R.S. § 5214; Mar. 3, 1883, ch. 121, § 1, 22 Stat. 488.)
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## Notes
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Editorial Notes
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Codification 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.
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