tangible personal property

(ii)For purposes of clause (i), the term “tangible personal property” shall not include— (I)cash, cash equivalents, gift cards, gift coupons, or gift certificates (other than arrangements conferring only the right to select and receive tangible personal property from a limited array of such items pre-selected or pre-approved by the employer), or (II)vacations, meals, lodging, tickets to theater or sporting events, stocks, bonds, other securities, and other similar items. (B)


26 USC § 274(j)(3)(A)(ii)

Scoping language

None: Default is title Scope
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