Ala. Admin. Code r. 810-6-3-.18

Current through Register Vol. 42, No. 12, September 30, 2024

Section 810-6-3-.18 - Federal Savings And Loan Associations

(1) Alabama sales or Alabama use taxes, whichever may apply, are due on property sold to federal savings and loan associations.

(2) The only limitation placed upon the taxation of a federal savings and loan association is that the tax imposed on the federal institution shall not be greater than that imposed on other similar local mutual or cooperative thrift and home financing institutions.

Author: Dan DeVaughn

Ala. Admin. Code r. 810-6-3-.18

Filed September 28, 1982.

Statutory Authority:Code of Ala. 1975, §§ 40-23-2(1), 40-23-31, 40-23-83.