Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
280.0000 GIFTS, MARKETING AIDS, PREMIUMS AND PRIZES— Regulation 1670
280.1155 Transfer with No Obligation to Pay. A transfer of property which involves no suggested minimum donation and no obligation to pay the transferor even an uncertain amount is regarded as a gift, even if the transferee thereafter gave money to the transferor. Tax would not apply to this transfer and the transferor would be regarded as the consumer of the property which was provided as a gift. 1/12/90.