One persistent and basic question has been whether or not any portion of the funds that are raised through a scrip program and applied to a family’s tuition account should be considered taxable income to the parent who purchases the scrip. According to ShopWithScrip, scrip is a reduction in purchase price from the face value, and is in effect a rebate from the retailer, and as such is not considered gross income.Overview of Scrip Tax Issues, Private Letter Ruling-118535-09 -"Are there scrip tax implications for my non-profit organization?"
