Ala. Admin. Code r. 810-6-3-.17 - Federal Production Credit Associations

Sales of property to federal production credit associations for use in conducting the activities of such associations as authorized by Federal statutes are not subject to the sales tax; provided, however, this exemption does not apply with respect to any federal production credit association after the stock held in it by the production credit corporation has been retired.

Author: Dan DeVaughn


Ala. Admin. Code r. 810-6-3-.17
Filed September 28, 1982.

Statutory Authority: Code of Ala. 1975, ยงยง 40-23-4(17), 40-23-31, 40-23-83.

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