[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: 26CFR48.4061(a)-5]



[Page 89]

 

                       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.  48.4061(a)-5  Sale of automobile truck bodies and chassis.



    (a) Sale of completed vehicle. An automobile truck (as defined by 

Sec.  48.4061(a)-3(a)) for purposes of the tax imposed by section 

4061(a) consists of two parts, namely, a body and a chassis. Generally, 

the tax applies to the sale by the manufacturer of each. Thus, if the 

purchaser of a tax-paid chassis attaches to it a taxable body 

manufactured by him and sells the completed vehicle, he is liable for 

tax based on the sale price of the body only. However, in such a case, 

the tax attaches to the selling price of the entire vehicle unless 

adequate records are available to show the portion of the total selling 

price attributable to the body.

    (b) Cross references. For special rules relating to the sale of a 

chassis or body to a purchaser who will use it in the manufacture or 

assembly of a nonhighway vehicle, see Sec.  48.4061(a)-1(e). With 

respect to bodies sold to a chassis manufacturer, see also section 

4063(b) and the regulations thereunder.



[T.D. 7461, 42 FR 2675, Jan. 13, 1977]