[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(b)-1]



[Page 89-90]

 

                       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(b)-1  Imposition of tax.



    (a) In general. Section 4061(b) imposes a tax on the sale by the 

manufacturer,



[[Page 90]]



producer, or importer of parts or accessories (other than tires and 

inner tubes and other than automobile radio and television receiving 

sets) for any of the articles enumerated in section 4061 (a) (see 

paragraph (a) of Sec.  48.4061 (a)-1).

    (b) Rates of tax. Tax is imposed on the sale of parts or accessories 

for any of the articles enumerated in section 4061(a) at the rates 

specified below:





                                                                Percent



(1) Parts or accessories sold during the period January 1,             8

 1959, to June 30, 1965, inclusive...........................

(2) Parts or accessories sold on or after July 1, 1965.......          5







The tax is computed by applying to the price for which the part or 

accessory is sold the rate in effect at the time of the sale. For 

definition of the term ``price'' see section 4216 and the regulations 

thereunder contained in Subpart M of this part.

    (c) Liability for tax. The tax imposed by section 4061(b) is payable 

by the manufacturer, producer, or importer making the sale.



[T.D. 6648, 28 FR 3633, Apr. 13, 1963, as amended by T.D. 6753, 29 FR 

12717, Sept. 9, 1964]