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INTERNAL REVENUE CODE OF 1954

SEC. 4272. EXEMPTIONS. (a) N O T I N BUSINESS FOR H I R E. — The tax imposed under section

4271 shall apply only to amounts paid to a person engaged in the business of transporting property for hire, including amounts paid to a freight forwarder, express company, or similar person, b u t not including amounts paid by a freight forwarder, express company, or similar person for transportation with respect to which a tax has previously been paid under such section. (b) CONSTRUCTION PROJECTS.—The tax imposed by section 4271

shall not apply to the transportation of earth, rock, or other material excavated within the boundaries of, and in the course of, a construction project and transported to any place within, or adjacent to, the boundaries of such project. (c) COAL PREVIOUSLY T A X E D. — The tax imposed by section 4271

(b) on the transportation of coal shall not apply to the transportation of coal with respect to which there has been a previous taxable transportation. (d) CERTAIN ORGANIZATIONS.—The tax imposed by section 4271

shall not apply to amounts paid for the transportation of property to or from an international organization, or any corporation created by act of Congress to act in matters of relief under the treaty of Geneva of August 22, 1864. (e) POST OFFICE DEPARTMENT.—The tax imposed by section 4271

shall not apply to amounts paid to the Post Office Department for the transportation of property. SEC. 4273. REGISTRATION.

Every person engaged in the business of transporting property for hire, including freight forwarders, express companies, and similar persons, shall, within 60 days after first engaging in the business of transportation of property for hire, register his name and his place or places of business with the Secretary or his delegate. PART III—OIL BY PIPELINE Sec. 4281. Imposition of tax. Sec. 4282. Definition of fair charge. Sec. 4283. Exemption for oil transported within premises of a plant. SEC. 4281. IMPOSITION OF TAX.

There is hereby imposed upon all transportation of crude petroleum and liquid products thereof by pipeline a tax equivalent to 4}^ percent of the amount paid for such transportation. If no charge for transportation is made (either by reason of ownership of the commodity transported or for any other reason), or if the payment for transportation is less than the fair charge therefor (other than in the case of an arm's length transaction), such tax shall be imposed on the fair charge for such transportation. The tax imposed by this section is to be paid by the person furnishing such transportation. SEC. 4282. DEFINITION OF FAIR CHARGE. For the purposes of section 4281, the fair charge for transportation shall be computed (1) from actual bona fide rates or tariffs; or §4272

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