N.H. Admin. Code § Rev 704.05 - Purchased Coupons and Gift Certificates for Motor Vehicle Rentals
(a) Coupons, gift certificates, or other
documents purchased for the purpose of future redemption for motor vehicle
rentals shall not be taxable when purchased.
(b) When purchased coupons or gift
certificates are redeemed:
(1) The portion of
the charge attributable to rentals shall be taxable to the customer;
and
(2) The tax shall be applied on
a basis equivalent to sales made with traditional payment methods without
regard to the original purchase price of the coupon, gift certificate or other
document.
(c) If the
taxable motor vehicle rental has no stated value at the time of redemption,
then the coupon, gift certificate or other document shall be taxed at the time
of purchase for the actual amount paid.
Notes
#2205, eff 12-12-82; ss by #2504, eff 10-12-83; ss by #3181, eff 1-22-86; ss by #4061, eff 5-29-86; ss by #5399, eff 5-21-92; amd by #5912, eff 10-14-94 (renumbered by #6690, eff 2-21-98 from Rev 704.04); ss and moved by #6750, eff 5-19-98 (from Rev 704.10); moved by #6870 (from Rev 704.06); ss by #8653, eff 6-8-06
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