SB00074: An Act Concerning The Sales And Use Taxes Treatment Of Certain Rebates And Promotional Items.

Legislative Summary

To exclude from the sales and use taxes (1) the portion of the purchase price of taxable tangible personal property or taxable services for which a purchaser may obtain a cash rebate from the manufacturer or a third party, and (2) taxable tangible personal property advertised as free, that are ultimately no cost to the purchaser through the meeting of certain contractual obligations.