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12 U.S.C. § 541 — Tax on circulating notes generally
submitted 143 years ago by Congress to r/title-12-BANKS-AND-BANKING · 44 words · no verdicts yet
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the actual law source: uscode.house.gov ↗public domain
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.
Source credit: (R.S. § 5214; Mar. 3, 1883, ch. 121, § 1, 22 Stat. 488.)
history & why it existsrecord from the source credit
- 1883Enacted · Act of Mar. 3, 1883, ch. 121 · 22 Stat. 488
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