Ala. Admin. Code r. 810-6-3-.18 - Federal Savings And Loan Associations
(1) Alabama sales or Alabama use taxes,
whichever may apply, are due on property sold to federal savings and loan
associations.
(2) The only
limitation placed upon the taxation of a federal savings and loan association
is that the tax imposed on the federal institution shall not be greater than
that imposed on other similar local mutual or cooperative thrift and home
financing institutions.
Author: Dan DeVaughn
Notes
Statutory Authority: Code of Ala. 1975, ยงยง 40-23-2(1), 40-23-31, 40-23-83.
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