17 NCAC 07B .4206 FED SAVINGS/LOAN ASSOC, NATL BANKS/ST BANKS/ST CHARTERED CREDIT UNIONS

(a) Sales of tangible personal property to federal savings and loan associations and national banks for use or consumption are subject to the applicable statutory state and local sales or use tax. See 12 U.S.C. 1464(h) and 548.

(b) Sales of tangible personal property to state banks and state chartered credit unions for use or consumption are subject to the applicable statutory state and local sales or use tax.

 

History Note: Authority G.S. 105‑164.4; 105‑164.6; 105-262; 105‑264; Article 39; Article 40; Article 42; Article 43; Article 44;

Eff. February 1, 1976;

Amended Eff. September 1, 2006; January 1, 1995; October 1, 1993; October 1, 1991.