Sales to credit unions

# (a)

# (1)

Sales of tangible personal property and taxable services to state chartered credit unions are subject to the gross receipts tax.

# (2)

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.