Section Rev 702.12 - Meals with Purchased Coupons, Gift Certificates and Meal Tickets(a) Coupons, gift certificates, or other documents purchased for the purpose of future redemption for value shall not be taxable when purchased.(b) When purchased coupons or gift certificates are redeemed: (1) The portion of the charge attributable to taxable meals 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 meal has no stated value, such as, but not limited to, a meal ticket sold for redemption of a fixed number of cafeteria-style dinners, the meal ticket or other document shall be taxed at the time of purchase for the actual amount paid for the ticket.N.H. Admin. Code § Rev 702.12
#5399, eff 5-21-92; ss by #5912, eff 10-14-94; ss and moved by #6750, eff 5-19-98 (from Rev 702.02 ); ss by #8653, eff 6-8-06 (formerly Rev 702.11 )
Amended byVolume XXXIV Number 46, Filed November 13, 2014, Proposed by #10714, Effective 11/7/2014.