1320-04-05-.55
Trading Stamps
Cite as Tenn. Comp. R. & Regs. 1320-04-05-.55
(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.
BUSINESS TAX RULES AND REGULATIONS
CHAPTER 1320-04-05
(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.