[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: 26CFR48.4052-1]



[Page 77-78]

 

                       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 H_Motor Vehicles, Tires, Tubes, Tread Rubber, and Taxable Fuel

 

Sec.  48.4052-1  Heavy trucks and trailers; certification requirement.



    Source: T.D. 6648, 28 FR 3633, Apr. 13, 1963, unless otherwise 

noted.



[[Page 78]]



                      Automotive and Related Items



                             motor vehicles





    (a) In general. Tax is not imposed by section 4051 on the sale of an 

article for resale or leasing in a long-term lease if, by the time of 

sale, the seller has in good faith accepted from the buyer a statement 

that the buyer executed in good faith and that is in substantially the 

same form, and subject to the same conditions, as the certificate 

described in Sec.  145.4052-1(a)(6) of this chapter, except that the 

certificate must be signed under penalties of perjury and need not refer 

to Form 637 or include a registration number.

    (b) References to Sec.  145.4052-1(a)(2) of this chapter. References 

to Sec.  145.4052-1(a)(2) of this chapter appearing in Sec.  145.4052-1 

of this chapter apply also to paragraph (a) of this section.

    (c) Effective date. This section is applicable after June 30, 1998. 

In addition, tax is not imposed on a sale occurring after December 31, 

1997, and before July 1, 1998, if the conditions of paragraph (a) of 

this section are satisfied.



[T.D. 8879, 65 FR 17155, Mar. 31, 2000]