61 Pa. Code § 48.4 - Credit unions

(a) Federal Credit Unions organized under the provisions of the Federal Credit Union Act (12 U.S.C.A. § 1751 et seq.) and Pennsylvania Credit Unions formed and incorporated under the provisions of the Credit Union Act (15 P. S. §§ 12301-12333) are exempt from sales tax and Hotel Occupancy Tax under a Stipulation for Judgment in Commonwealth v. Pacedoc Federal Credit Union, 500 C.D. 1966.

(b) A Federal Credit Union which is not formed or organized under the Federal Credit Union Act (12 U.S.C.A. § 1751 et seq.) is presumed to be subject to sales, Use and Hotel Occupancy Tax unless it is an agency of the United States Government or an exemption is extended to the organization by the law under which it is created.

(c) State Credit Unions which are not formed or organized under the Credit Union Act are presumed to be subject to sales, use and hotel occupancy tax unless an exemption is extended to the organization by the law under which it is created. However, a State Credit Union which is not formed under the Credit Union Act but is an agency of the Commonwealth or its political subdivisions is exempt from sales and use tax, but shall pay Hotel Occupancy Tax.

Notes

61 Pa. Code § 48.4

The provisions of this § 48.4 adopted September 8, 1972, effective 9/9/1972, 2 Pa.B. 1686; amended April 26, 1974, effective 4/27/1974, 4 Pa.B. 828.

This section cited in 61 Pa. Code § 47.17 (relating to lease or rental of vehicles and rolling stock); and 61 Pa. Code § 58.13 (relating to carpeting and other floor coverings).