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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > G > 295.0000 Gross Receipts > Annotation 295.0942

Sales and Use Tax Annotations


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G

295.0000 Gross Receipts

Annotation 295.0942

(c) Discounts

295.0942 Discounts Based on Prior Purchases. A taxpayer gives price discounts to customers based upon the amount of prior purchases. The discounts are regarded as trade discounts and are not included in the amount subject to tax. 12/3/93.