ALABAMA DEPARTMENT OF REVENUE
SALES, USE & BUSINESS TAX DIVISION
SALES & USE TAX RULE
810-6-2-.52.05. National and State Banks.
(1) Sales of tangible personal property to any national or state bank are taxable unless the bank is purchasing the property for resale. (Sections 40-23-2 and 40-23-61, Code of Alabama 1975 and 12 U.S.C. Section 548)
(2) National or state banks that are in the business of selling
tangible personal property shall collect sales or use tax on their retail sales.
Examples of retail sales by banks include sales by bank-operated cafeterias
and sales of personalized checks or coin banks to bank customers. (Sections
40-23-2 and 40-23-61, Code of Alabama 1975 and 12 U.S.C. Section 548)
(Adopted February 13, 1970, readopted through APA effective October 1, 1982,
amended April 3, 1987, amended June 9, 1999)
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