1990—Pub. 101–508 substituted “applicable contribution base limitation” for “contribution and benefit base limitation” in subsecs. (a) to (d). 1993—Pub. 103–66 which directed the amendment of this section by substituting “contribution and benefit base limitation”

In order to minimize the negative impact of sales tax on their business, some retailers may absorb a portion of the tax or offer promotional discounts. This formula is automatically applied to almost every purchase made, with some exceptions depending on state and municipality. Let’s take a closer