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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > T > 555.0000 Trading Stamps and Related Promotional Plans > Annotation 555.0040

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T

555.0000 Trading Stamps and Related Promotional Plans—Regulation 1671

Annotation 555.0040

555.0040 Discount—How Computed. The amount of the deduction for trading stamps is computed by applying to the cost of the stamps to the retailer the ratio of taxable sales on which stamps are given to total sales on which stamps are given. 7/3/53.