Ala. Admin. Code r. 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
Notes
Statutory Authority: Code of Ala. 1975, ยงยง 40-23-31, 40-23-83.
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