006.05.08 Ark. Code R. § 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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