[Code of Federal Regulations]

[Title 26, Volume 16]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 26CFR48.4041-14]



[Page 65]

 

                       TITLE 26--INTERNAL REVENUE

 

    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 

                               (CONTINUED)

 

PART 48_MANUFACTURERS AND RETAILERS EXCISE TAXES--Table of Contents

 

                         Subpart F_Special Fuels

 

Sec.  48.4041-14  Exemption for sale to or use by certain aircraft 

museums.



    (a) In general. (1) The tax imposed by section 4041 does not apply 

to liquids which are sold for use or used by an aircraft museum in an 

aircraft or vehicle owned by such museum and used exclusively for the 

procurement, care, and exhibition of aircraft of the type used for 

combat or transport in World War II.

    (2) In the case of liquid sold for use in an aircraft owned by an 

aircraft museum and to be used for the pruposes described in paragraph 

(a)(1) of this section, a tax-free sale may be made only if the 

requirements of Sec.  48.4041-11 are met.

    (b) Cross reference. For the definition of aircraft museum, see 

section 4041(h)(2).



[T.D. 8066, 51 FR 20, Jan. 2, 1986]