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PUBLIC LAW 367-AUG. 11, 1955

STAT.]

CHAPTER 805

Public Law 367

AN ACT To remove the manufacturers' excise tax from the sales of certain component parts for use in other manufactured articles, to confine to entertainment-type equipment the tax on radio and television apparatus, and for other purposes.

August 11, 1955 [H.R. 7024]

Be it enacted by the Semite and House of Representatives of the M a n u f acturers' United States of AmeHca in Congress assembled, That chapters 32 excise taxes. 68A and 65 of the Internal Revenue Code of 1954 are amended as follows: 791. Stat. 493, (a) Section 4218(a)(1) of the Internal Revenue Code of 1954 is 26 USC 4218. amended by inserting after "section 4141" the following: "and other than an automobile part or accessory taxable under section 4061(b), a refrigerator component taxable under section 4111, a radio or television component taxable under section 4141, or a camera lens taxable under section 4 l 7 l) ". (b) Section 4218(b) of the Internal Revenue Code of 1954 is amended to read as follows: •'(b) EXCEPTION.—This section shall not apply with respect to the use by the manufacturer, producer, or importer of an automobile part or accessory taxable under section 4061(b), a refrigerator component taxable under section 4111, a radio or television component taxable under section 4141, or a camera lens taxable under section 4171, if such part, accessory, component, or lens is used by him as material in the manufacture or production of, or as a component part of, any article." (c) The first two sentences of section 4220 of the Internal Revenue 26 USC 4220. Code of 1954 are amended to read as follows: " I nder regulations prescribed by the Secretary or his delegate, no tax under this chapter shall be imposed with respect to the sale of— "(1) any article (other than an automobile part or accessory taxable under section 4061(b), a refrigerator component taxable under section 4111, a radio or television component taxable under section 4141, or a camera lens taxable under section 4171)— " (A) for use by the vendee as material in the manufacture or production of, or as a component part of, an article enumerated in this chapter; or " (B) for resale by the vendee for such use by his vendee, if such article is in due course so resold; or "(2) an automobile part or accessory taxable under section 4061 (b), a refrigerator component taxable under section 4111, a radio or television component taxable under section 4141, or a camera lens taxable under section 4171— " (A) for use by the vendee as material in the manufacture or production of, or as a component part of, any article; or " (B) for resale by the vendee for such use by his vendee, if such article is in due course so resold. For purposes of this chapter, the manufacturer or producer to whom an article is sold under paragraph (1)(A) or (2)(A) or resold under paragraph (1)(B) or (2)(B) shall be considered the manufacturer or producer of such article." (d) Section 4113 of the Internal Revenue Code of 1954 is hereby Repeal. 26 USC 4113. repealed. (e) Section 4112 of the Internal Revenue Code of 1954 is amended— 26 USC 4112. (A) by striking out the heading to such section and inserting in lieu thereof the following: "SEC. 4112. DEFINITION OF REFRIGERATOR COMPONENTS."; (B)

by striking out "(a)

REFRIGERATOR COMPONENTS.—"; and

(C) by striking out subsection (b) thereof. 54402 O - 55 - 44

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