[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: 26CFR48.4063-1]



[Page 94]

 

                       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.  48.4063-1  Tax-free sales of bodies to chassis manufacturers.



    Under the provisions of section 4063(b), the tax imposed by section 

4061(a) shall not apply to bodies sold by the manufacturer thereof to a 

manufacturer (but not an importer) of automobile trucks (as defined by 

Sec.  48.4061(a)-3(a)) to be sold by the purchaser. Thus, a manufacturer 

of automobile truck bodies is permitted to sell such bodies tax free to 

manufacturers of automobile truck chassis. This section does not apply 

with respect to the sale of an automobile truck chassis to manufacturers 

of automobile truck bodies. However, see Sec.  48.4061(a)-1(e) with 

respect to the sale of an automobile truck chassis for use in the 

manufacture or assembly of a nonhighway vehicle (within the meaning of 

Sec.  48.4061(a)-1(d)). In order to effect a tax-free sale of a body as 

provided in this section, both the seller and purchaser must comply with 

the registration and other requirements of section 4222 and the 

regulations thereunder. A chassis manufacturer who purchases a body tax 

free as provided in this section shall, for purposes of application of 

the tax imposed by section 4061(a), be considered the manufacturer of 

such body.



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