Page:United States Statutes at Large Volume 111 Part 1.djvu/1076

 Ill STAT. 1052 PUBLIC LAW 105-34—AUG. 5, 1997 "(A) measures 18 inches overall or more in length, or "(B) measures less than 18 inches overall in length but is suitable for use with a bow described in paragraph (I)(A), a tax equal to 12,4 percent of the price for which so sold. "(3) COORDINATION WITH SUBSECTION (a).—N O tax shall be imposed under this subsection with respect to any article taxable under subsection (a).". 26 USC 4161 (b) EFFECTIVE DATE.—The amendment made by subsection (a) "lote. shall apply to articles sold by the manufacturer, producer, or importer after September 30, 1997. SEC. 1434. MODIFICATIONS TO RETAIL TAX ON HEAVY TRUCKS. (a) CERTAIN REPAIRS AND MODIFICATIONS NOT TREATED AS MANUFACTURE. —Section 4052 is amended by redesignating the subsection defining a long-term lease as subsection (e) and by adding at the end the following new subsection: "(f) CERTAIN REPAIRS AND MODIFICATIONS NOT TREATED AS MANUFACTURE.— "(1) IN GENERAL.—An article described in section 4051(a)(1) shall not be treated as manufactured or produced solely by reason of repairs or modifications to the article (including any modification which changes the transportation function of the article or restores a wrecked article to a functionEd condition) if the cost of such repairs and modifications does not exceed 75 percent of the retail price of a comparable new article. "(2) EXCEPTION. — Paragraph (1) shall not apply if the article (as repaired or modified) would, if new, be taxable under section 4051 and the article when new was not taxable under this section or the corresponding provision of prior law.". (b) SIMPLIFICATION OF CERTIFICATION PROCEDURES WITH RESPECT TO SALES OF TAXABLE ARTICLES. — (1) REPEAL OF REGISTRATION REQUIREMENT.— Subsection (d) of section 4052 is amended by striking "rules of—" and all that follows through "shall appl)r" and inserting "rules of subsections (c) and (d) of section 4216 (relating to partial payments) shall apply". (2) REQUIREMENT TO MODIFY REGULATIONS.—Section 4052 is amended by adding at the end the following new subsection: "(g) REGULATIONS.—The Secretary shall prescribe regulations which permit, in lieu of any other certification, persons who are purchasing articles taxable under this subchapter for resale or leasing in a long-term lease to execute a statement (made under penalties of perjury) on the sale invoice that such sale is for resale. The Secretary shall not impose any registration requirement as a condition of using such procedure.". 26 USC 4052 (c) EFFECTIVE DATE. —The amendments made by this section note. shall take effect on January 1, 1998. SEC. 1435. SKYDIVING FLIGHTS EXEMPT FROM TAX ON TRANSPOR- TATION OF PERSONS BY AIR. (a) IN GENERAL. —Section 4261 (relating to imposition of tax on transportation of persons by air), as previously amended by this Act, is amended by redesignating subsection (h) as subsection (i) and by inserting after subsection (g) the following new subsection:

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