Ariz. Admin. Code § R15-5-129 - Discounts, Refunds, and Coupon Redemption
A. Cash discounts allowed the purchaser for
timely payment are permissible as deductions from the sale price.
B. Refunds in cash or credit given on
returned merchandise are considered to be a reduction of sales.
C. When coupons issued by a manufacturer are
redeemed by a retailer the amounts refunded to the purchaser are not
permissible as deductions from the selling price of articles sold by the
retailer. In these cases, the gross selling price is taxable.
D. Coupons issued by a retailer and later
redeemed by the retailer as a discount on the price of merchandise sold by him
are considered a reduction of the selling price. In such cases the net selling
price is subject to tax.
Notes
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