Section 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.N.H. Admin. Code § Rev 704.05
#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
Amended byVolume XXXIV Number 46, Filed November 13, 2014, Proposed by #10714, Effective 11/7/2014.