Ala. Admin. Code r. 810-6-3-.12.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 810-6-3-.12.02 - Credit Unions, Federal And State Chartered, Sales By

(1) Sales of tangible personal property by a federally chartered credit union are exempt from sales tax. A federally chartered credit union is an instrumentality of the Federal Government and, therefore, exempt from tax.

(2) Sales of tangible personal property by a state chartered credit union are subject to the sales tax.

Author: Dan DeVaughn

Ala. Admin. Code r. 810-6-3-.12.02

Adopted June 12, 1978. Filed September 28, 1982.

Statutory Authority:Code of Ala. 1975, §§ 40-23-31, 40-23-83.