Section 1320-04-05-.55 - TRADING STAMPS(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.Tenn. Comp. R. & Regs. 1320-04-05-.55
Original rule certified June 7, 1974.Authority: T.C.A. §§ 67-1-102 and 67-4-703.