Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.02 - IDAHO SALES AND USE TAX ADMINISTRATIVE RULES
Section 35.01.02.093 - SALES AND USE TAX LIABILITY OF FEDERAL AND STATE CREDIT UNIONS, NATIONAL AND STATE BANKS, AND FEDERAL AND STATE SAVINGS AND LOAN ASSOCIATIONS
Current through September 2, 2024
Sections 26-2138, 26-2186, 63-3612, 63-3613, Idaho Code
01. Purchases by Credit Unions. Purchases by Federal Credit Unions are exempt from sales and use tax under the provisions of 12 U.S.C. 1768. Purchases by state-chartered credit unions are exempted from sales and use tax by Section 26-2138, Idaho Code, and purchases by Idaho corporate credit unions are exempted from sales and use tax by Section 26-2186, Idaho Code.
02. Purchases by Banks and Savings and Loan Associations. Purchases by national and state banks, as well as federal and state savings and loan associations, are subject to sales and use tax.
03. Sales by Credit Unions, Banks, Savings and Loan Associations. When acting as a retailer, all retail sales made by credit unions, banks, and savings and loan associations are subject to sales tax.
Effective March 31, 2022
