The sale to, or use by, a Federal or State chartered credit union of tangible personal property in this State is not subject to sales or use taxes.

Author: Dan DeVaughn

Statutory Authority: Code of Ala. 1975, §§40-23-4(17), 40-23-31, 40-23-83.

History: Adopted March 9, 1961. Amended: July 27, 1974. Filed September 28, 1982.