Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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G

280.0000 GIFTS, MARKETING AIDS, PREMIUMS AND PRIZES— Regulation 1670

Annotation 280.0680

280.0680 "Grand Opening" Gifts. Where gifts and prizes are awarded by a market at its "grand opening," some of which were furnished at no charge to the market by suppliers, and other merchandise was purchased specifically for this use or used from regular stock normally held for sale, none of which were exempt food items, the use tax applies. Measure of tax is cost of merchandise to market. Supplier would be subject to use tax on items donated to market. 4/26/57.