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| On Feb 15, 6:38*pm, Senior Citizen <n9...[at]yahoo.com> wrote: - quote - > When I go to a restaurant and they give me a 10% senior citizen > discount as an example, should the sales tax be applied to the price > before the discount, or to the 10% discounted price? > ========================================= MODERATOR'S COMMENT: > That depends on the state, and perhaps local, regulations. The actual sales price is the measure of the tax. If the discounted price appears on your sales check, the regular retail price never goes on the restaurant's books and the discount is not a problem. If the discount is taken AFTER the sale has been recorded (e.g., in the case of a discount for prompt payment of an invoice), the seller can deduct it from gross sales when the sales/use tax return is filed. See Tex. Tax Code Ann. §151.007(c)(1) ; Tex. Admin. Code §3.301(d). Katie in San Diego -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| Senior Citizen wrote: - quote - > When I go to a restaurant and they give me a 10% senior citizen
of the Texas Controller of Public Accounts publications.> discount as an example, should the sales tax be applied to the price > before the discount, or to the 10% discounted price? > ========================================= MODERATOR'S COMMENT: > That depends on the state, and perhaps local, regulations. The tax should be based on the price after the discount. See any -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| When I go to a restaurant and they give me a 10% senior citizen discount as an example, should the sales tax be applied to the price before the discount, or to the 10% discounted price? ========================================= MODERATOR'S COMMENT: That depends on the state, and perhaps local, regulations. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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