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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
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555.0000 Trading Stamps and Related Promotional Plans—Regulation 1671
Annotation 555.0060
555.0060 Hybrid Plan. A retailer who distributes to his customers stamps which may be redeemed for merchandise or service worth $3.00 at the store of any retailer who handles that type of stamp, is entitled to his cash discount deduction as of the time he buys the stamps. A retailer who redeems a filled book would have additional gross receipts of $3.00 and the taxability of the $3.00 would be identical to a situation in which a customer had paid $3.00 in cash for the same merchandise or service. 1/13/61.