Source: http://rvpolicy.kdor.ks.gov/Pilots/Ntrntpil/IPILv1x0.NSF/096c1b27db592ec886256524007f5233/38f17572708907928625780f004b14f8?OpenDocument
Timestamp: 2018-08-20 13:12:30
Document Index: 318127006

Matched Legal Cases: ['§1433', '§531', '§1723', '§2290', '§2077', '§2023', '§2098']

Information Guide Banks, Savings and Loan, Credit Union Self-Audit Fact Sheet
Identifying Information: Banks, Savings and Loan, Credit Union Self-Audit Fact Sheet
Brief Description: Banks, Savings and Loan, Credit Union Self-Audit Fact Sheet
Approval Date: 01/05/2011
GANKS, SAVINGS AND LOAN, CREDIT UNION
Banks, Savings and Loan, Credit Union Self Audit Fact Sheet
The taxability of sales and purchases of tangible personal property and labor services by Banks are summarized below. This list is not all-inclusive.
"Note: Purchases made by banks operated by the federal government are exempt from sales tax. Under federal law, the following entities are not required to pay sales tax on their purchases: Federal Home Loan Banks (12
U.S.C. §1433), Federal Reserve Banks (12 U.S.C. §531), Federal National Mortgage Associations (12 U.S.C. §1723a(c)), Federal Financing Banks (12 U.S.C. §2290), Production Credit Associations (12 U.S.C. §2077), Farm Credit Banks (12 U.S.C. §2023), or Federal Land Bank Associations (12 U.S.C. §2098). All banks, however, must collect sales tax on the retail sale of tangible personal or taxable services as summarized below.”
Furniture and fixtures, including but not limited to: desk, lamps tables chairs, shelving, plants, planters, artwork, signs. Taxable
Copiers, printers and fax machines, microfilmers, check scanners, calculators, etc Taxable
A banks lease or rental of any tangible personal property –, copier, fax, vehicle, etc. Taxable
ATMs and/or lease agreements for ATMs. Taxable
Laptop & desktop computers. Taxable
Proof encoders, check sorters, coin counters, coin packages, coin sorters, coin wrappers. Taxable
Night depositories, pneumatic tube remote teller systems, safe deposit boxes, windows & drawers, lockers. Taxable
Repairs and maintenance to existing buildings, and existing covered structures. (Note: Repairs to existing structures are taxable regardless of whether or not its covered) Taxable
Repair and replacement parts and labor services of repairing, servicing, altering or maintaining tangible personal property such as ATMs, computers, printers, copiers, security equipment, etc. Taxable
Warranty or service agreements for the shop’s tangible personal property such as, shop equipment and tools, computers, printers, copiers, security equipment, etc. Taxable
Utilities including but not limited to electricity, gas and water. Taxable
Tangible property purchased by the bank to be given away or donated. (Items that are given away or donated to a tax exempt entity are not subject to sales tax as of April 2007). Taxable
Linen services. Taxable
Purchases for use continued:
Promotional items including but not limited to: coin collections, calendars, mugs and items of clothing. Taxable
Plumbing, wiring, cabinets and other installation and repair services. Taxable
Checks, checkbook covers, credit cards to issue to customers. Taxable
Sales by Banks
Credit/Debt card reader Taxable
Retail sale of tangible personal property – T-Shirts, stuffed toys, etc Taxable
Retail sale of coins, bullion, collectible stamps, commemoratives Taxable
U.S Postage Stamps Exempt
Repossessed Property(if original retailer repossesses property and resells) Taxable
Date Composed: 01/05/2011 Date Modified: 01/05/2011