Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
555.0000 TRADING STAMPS AND RELATED PROMOTIONAL PLANS—Regulation 1671
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.