Policy Title: Gift Cards
PLT Approval
Date: April 8, 2009
PLT Effective
Date: April 8, 2009
Board Approval
Date: Not Applicable
Pitt Community College departments may not use Pitt Community College, PCC Foundation or funds of any source to purchase retail gift cards/debit cards to distribute to full or part time employees.
IRS regulations consider gift cards/debit cards to be a cash equivalent with a requirement to be added to an employee's W‑2 earnings as taxable income. Due to the expense and complexities involved with tracking and monitoring any additions to an employee's W‑2, PCC does not allow the purchase and distribution of retail gift cards/debit cards to full or part time employees.
