Page:United States Statutes at Large Volume 68A.djvu/530

 490

INTERNAL REVENUE CODE OF 1954 • >

with, or with the sale thereof) a tax equivalent to the specified percent of the price for which so sold: ARTICLES TAXABLE AT lo PERCENT—

Cameras. Camera lenses. Unexposed photographic film in rolls (including motion picture film). ARTICLES TAXABLE AT 5 PERCENT—

Electric motion or still picture projectors of the household type. SEC. 4172. DEFINITION OF CERTAIN VENDEES AS MANUFACTURERS.

Any person who acquires unexposed photographic film not subject to tax under this part and sells such unexposed film in form and dimensions subject to tax hereunder (or in connection with a sale cuts such film to form and dimensions subject to tax hereunder) shall for the purposes of section 4171 be considered the manufacturer of the film so sold by him. SEC. 4173. EXEMPTIONS.

The tax imposed under this part shall not apply to— (1) CAMERAS.—X-ray cameras or cameras weighing more than four pounds exclusive of lens and accessories; (2) LENSES.—Still camera lenses having a focal length of more than one hundred and twenty millimeters, or motion picture camera lenses having a focal length of more than thirty millimeters; (3) FILM.—X-ray film, unperforated microfilm, film more than one hundred and fifty feet in length, or film more than twentyfive feet in length and more than thirty millimeters in width. PART III—FIREARMS /

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Sec. 4181. Imposition of tax. Sec. 4182. Exemptions.

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SEC. 4181. IMPOSITION OF TAX.

There is hereby imposed upon the sale by the manufacturer, producer, or importer of the following articles a tax equivalent to the specified percent of the price for which so sold: „ ARTICLES TAXABLE AT lo PERCENT—

Pistols. Revolvers.

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ARTICLES TAXABLE AT i i PERCENT—

Firearms (other than pistols and revolvers). Shells, and cartridges. SEC. 4182. EXEMPTIONS. (a) M A C H I N E G U N S AND SHORT

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BARRELLED

FIREARMS.—The

tax imposed by section 4181 shall not apply to any firearm on which the tax provided by section 5811 has been paid. (b) SALES

TO D E F E N S E

DEPARTMENT.—No

firearms,

pistols,

revolvers, shells, and cartridges purchased with funds appropriated for the military department shall be subject to any tax imposed on the sale or transfer of such articles.

§4171

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