10-46-2.7. Exemption for gross receipts pursuant to contract requiring retailer to display products or signage--Exception.
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/sd/title-10/chapter-10-46/10-46-2-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There are hereby exempted from the provisions of this chapter and the tax imposed by it, gross receipts received by a retailer from a manufacturer, wholesaler, or distributor pursuant to a written contract between the retailer and manufacturer, wholesaler, or distributor that requires the retailer to display the manufacturer, wholesaler, or distributor's product or signage in a specified manner or location. Any discount or deferred payment received by a retailer from a distributor, wholesaler, or manufacturer for purchasing a product for sale at retail does not constitute gross receipts subject to the tax imposed by this chapter.