| NONTAXABLE*** | TAXABLE** |
|---|---|
| N/A | Cash |
| N/A | *Unrestricted or negotiable gift certificates |
| *Restricted or non-negotiable gift certificates of $75 or less | Restricted or non-negotiable gift certificates greater than $75 |
| Any gift of tangible personal property of $75 or less (such as a pen or plaque) | Any gift of tangible personal property greater than $75 except for length of service or retirement awards of less than $400 |
| Occasional tickets to theater or sporting events | Season tickets to sporting or theatrical events, including University events |
| Discounts of 20% or less off sales price normally available to general public on purchase of University goods and services | Discounts of greater than 20% off selling price normally available to customers on purchase of University goods and services |
| Occasional group meals or refreshments for employee recognition events | N/A |
| Tangible personal property awards for length of service. Should be consistent with University catalogue programs and less than $400 | Awards greater than $400 |
| Traditional retirement awards of of less than $400 | Awards greater than $400 |
*A restricted or non-negotiable gift certificate is distinguishable from a cash equivalent gift certificate when it can only be redeemed with the issuer and cannot be cashed out, sold to another person or used to reduce an outstanding account balance with the issuer of the certificate. Examples would be a certificate for admission to an event or one for a specific product such as a hat or t-shirt.
**To report a taxable award or prize call the Human Resources Call Center at 612-625-2016.
***University Bookstores offers nontaxable gift certificates for awards to employees. They are available in $10, $25, and $50 denominations. To order call 612-626-1657 or fax order to 612-624-4133. Certificates are available as of October 18, 1999.