280-20-70 R.I. Code R. § 43.5
Current through June 20, 2024
The sale of gift certificates is not taxable, but when the owner of a gift certificate receives tangible personal property by use of such a certificate, or a part thereof, the transaction is a sale and taxable as such. For example, if the owner of a gift certificate valued at $100 purchases a $25 item, tax computed on $25 must be collected by the retailer and remitted to the Tax Administrator.
280 R.I. Code R. § 280-RICR-20-70-43.5