006.05.06 Ark. Code R. 005-GR-70 - SALES TO CREDIT UNIONS
A.
Sales of tangible personal property and taxable services to state chartered
credit unions are subject to the gross receipts tax. Sellers are required to
collect and remit the tax on the gross receipts or gross proceeds derived from
taxable sales made to state chartered credit unions.
B. Pursuant to
12
U.S.C. §
1768, sales to federally chartered
credit unions are exempt from gross receipts tax.
Notes
Ark. Code Ann. § 26-52-305
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