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CFR	Code of Federal Regulations Pertaining to ESA

Title 29

Labor

Chapter V

Wage and Hour Division, Department of Labor

Part 779

The Fair Labor Standards Act As Applied to Retailers of Goods or Services

Subpart C

Employment to Which the Act May Apply; Enterprise Coverage

• Section Number: 779.260
• Section Name: Trade-in allowances.

    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.