Fla. Admin. Code r. 12A-1.089 - Gift Certificates

Current as of January 1, 1970

§ 12a-1.089 - Gift Certificates§ 12a-1.089 - Gift Certificates

§ 12a-1.087 - Exemption for Power Farm Equipment; Electricity Used for Certain Agricultural Purposes; Suggested Exemption Certificate for Items Used for Agricultural Purposes § 12a-1.090 - Tax Liens, Garnishment and Jeopardy Assessments (repealed)

12A-1.089 Gift Certificates.

The sale of a gift certificate is not taxable. When the owner of a gift certificate redeems it for tangible personal property, or a part thereof, the transaction is taxable as a sale. For example, if the owner of a gift certificate valued at $25 purchases a $15 pair of shoes, tax of 90 cents must be collected by the dealer and remitted to the Department of Revenue.

Rulemaking Authority 212.18(2), 213.06(1) FS. Law Implemented 212.05(1), 212.06(1), 212.21(2) FS. History–New 10-7-68, Amended 6-16-72, 7-20-82, Formerly 12A-1.89, Amended 12-13-88.

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