Page:United States Statutes at Large Volume 68A.djvu/521

 CH.

3 2 — M A N U F ACT U R E R S EXCISE TAXES

481

CHAPTER 32—MANUFACTURERS EXCISE TAXES SUBCHAPTER SUBCHAPTER SUBCHAPTER SUBCHAPTER SUBCHAPTER SUBCHAPTER

A. B. C. D. E. F.

A u to m o t i v e and related items. Household t y p e equipment, etc. Enter t a i n m e n t equipment. Recreational equipment. Other items. Special provisions applicable to manufacturers tax.

Subchapter A—Automotive and Related Items Part I. M o to r vehicles. Part II. Tires and tubes. Part III. Petroleum products.

PART I—MOTOR VEHICLES —,: ^f>^

Sec. 4061. Imposition of tax. Sec. 4062. Definitions. Sec. 4063. Exemptions.

SEC. 4061. IMPOSITION OF TAX.

(a) AUTOMOBILES.—There is hereby imposed upon the following articles (including in each case parts or accessories therefor sold on or in connection therewith or with the sale thereof) sold by the manufacturer, producer, or importer a tax equivalent to the specified percent of the price for which so sold: (1) Articles taxable at 8 percent, except that on and after April 1, 1955, the rate shall be 5 percent— Automobile truck chassis. Automobile truck bodies. "o^ Automobile bus chassis. ' Automobile bus bodies. Truck and bus trailer and semitrailer chassis. ^ r+, Truck and bus trailer and semitrailer bodies. Tractors of the kind chiefly used for highway transportation in combination with a trailer or semitrailer. A sale of an automobile truck, bus, truck or bus trailer or semitrailer shall, for the purposes of this paragraph, be considered to be a sale of the chassis and of the body. (2) Articles taxable at 10 percent except that on and after April 1, 1955, the rate shall be 7 percent— Automobile chassis and bodies other than those taxable under paragraph (1). &shi Chassis and bodies for trailers and semitrailers (other than house trailers) suitable for use in connection with passenger automobiles. Motorcycles. A sale of an automobile, trailer, or semitrailer shall, for the purposes of this paragraph, be considered to be a sale of the chassis and of the body. ^

§ 4061(a)(2)

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