Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
GROSS RECEIPTS TAX RULES
Rule 006.05.06-005-GR-70 - SALES TO CREDIT UNIONS
Universal Citation: AR Admin Rules 006.05.06-005-GR-70
Current through Register Vol. 49, No. 9, September, 2024
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.
Ark. Code Ann. § 26-52-305
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