Rules & Regulations of the State of Tennessee
Title 1320 - Revenue
Subtitle 1320-04 - Miscellaneous Tax Division
Chapter 1320-04-05 - Business Tax Rules and Regulations
Section 1320-04-05-.55 - TRADING STAMPS
Universal Citation: TN Comp Rules and Regs 1320-04-05-.55
Current through September 24, 2024
(1) Persons engaged in the business of redeeming trading stamps which have been given by other dealers shall be deemed to be a dealer and shall be liable for the Business Tax on the retail value of the merchandise given for the stamps. This value shall be deemed to be the value which is assigned to the book of stamps.
(2) The sale of trading stamps to concerns who give them to customers in exchange for purchases in their stores is not taxable under the Business Tax Act.
Authority: T.C.A. §§ 67-1-102 and 67-4-703.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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