17 N.C. Admin. Code 7B.4206

Current through Register Vol. 39, No. 12, December 1, 2024

Section 07B .4206 - FED SAVINGS/LOAN ASSOC, NATL AND STATE BANKS, CREDIT UNIONS

For purposes of G.S. 105-164.13(17), sales which a state would be without power to tax under the Constitution or laws of the United States or under the Constitution of this State do not include the following sales:

(1) Sales to federal savings and loan associations and national banks.

(2) Sales to state banks and state chartered credit unions.

17 N.C. Admin. Code 07B .4206

Authority G.S. 105-164.4; 105-164.6; 105-262; 105-264; Article 39; Article 40; Article 42; Article 43; Article 44;
Eff. February 1, 1976;
Amended Eff. September 1, 2006; January 1, 1995; October 1, 1993; October 1, 1991.

Authority G.S. 105-164.13; 105-262; 105-264; 105-164.26; 12 U.S.C. 1464(h); 12 U.S.C. 548;
Eff. February 1, 1976;
Amended Eff. September 1, 2006; January 1, 1995; October 1, 1993; October 1, 1991.

Readopted by North Carolina Register Volume 38, Issue 15, February 1, 2024 effective 1/1/2024.