29 CFR 779.260
§ 779.260 Trade-in allowances.
United States · 29 CFR — Labor · Status: effective
Cite this
- Citation
- 29 CFR 779.260, § 779.260 Trade-in allowances, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/126237
- Permanent ID
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Full text
Where merchandise is taken in trade when a sale is made, the annual gross volume of sales or business will include the gross amount of the sale before deduction of the allowance on such trade-in merchandise. This is so even though an overallowance or excessive value is allowed on the trade-in merchandise. In turn, when the trade-in merchandise is sold the amount of the sale will be included in the annual gross volume.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.