IDAPA 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 (RULE 093).
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.
(3-31-22)
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.
(3-31-22)
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.
(3-31-22)