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Title 12, Chapter 4

Banks and Banking — 3 active sections, 4 inactive

Table of Contents (7 sections)

§ 531. Exemption from taxation

History & diffs →

§ 531. Exemption from taxation

Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.

§ 541. Tax on circulating notes generally

History & diffs →

§ 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.

§ 548. State taxation

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§ 548. State taxation

For the purposes of any tax law enacted under authority of the United States or any State, a national bank shall be treated as a bank organized and existing under the laws of the State or other jurisdiction within which its principal office is located.

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