A credit union organized under this chapter, its property, franchises, capital, reserves, surpluses, and other funds, and its income are exempt from taxation by the state or a political subdivision of the state, except that real property and tangible personal property owned by a credit union is subject to taxation to the same extent that similar property is taxed. This section does not prevent holdings in a credit union organized under this chapter from being included in the valuation of the personal property of the owners or holders under taxes imposed by the state or a political subdivision of the state.
Section: Previous 06.45.160 06.45.170 06.45.180 06.45.190 06.45.200 06.45.210 06.45.220 06.45.230 06.45.240 06.45.250 06.45.260 06.45.270 06.45.280 06.45.290 06.45.295 NextLast modified: November 15, 2016