Any credit union organized under the Federal Credit Union Act [12 U.S.C.A. 1751] is exempt from North Dakota sales tax on purchases of tangible personal property for its own use.

Credit unions organized under North Dakota Century Code chapter 6-06 are subject to North Dakota sales and use tax.

History: Effective June 1, 1984; amended effective March 1, 1990.

General Authority: NDCC 57-39.2-19

Law Implemented: NDCC 6-06-29, 57-39.2-01, 57-39.2-02.1, 57-39.2-04