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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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S


505.0000 Sales to the United States and Its Instrumentalities—Regulation 1614

Annotation 505.0192

(a) In General—Agencies Qualifying for Sales Tax Exemption


505.0192 Federal Savings and Loan Insurance Corporation. The Federal Savings and Loan Insurance Corporation (FSLIC) is a corporation wholly owned by the United States. Sales to the FSLIC are therefore exempt from tax. 5/12/87.