Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.0330

(a) GENERAL

295.0330 Hostess Premiums Exchanged for Services. Where hostess premiums are exchanged for services, absent any express agreement as to the value of the services provided, the stated value in dollars of the premiums in catalogs represents the value of the services as arrived at by the free negotiation of the parties. This stated value is the gross receipts from the sale of the premiums. 5/6/86.