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 280.1180

280.1180 Wholesalers Furnishing Premium to Retailers, General Rules Stated. Where tangible personal property is furnished as a premium together with other tangible personal property sold, the transaction is regarded as a sale of both articles. Thus, where the principal merchandise is sold for resale and hence the sale thereof is not taxable, but included in the "deal" are premiums which are not sold for resale, it is necessary for the seller of the "deal" to ascertain that portion of the total charges made properly allocable to the premiums and return the tax measured by such amount. 3/24/50.