Page:United States Statutes at Large Volume 79.djvu/198

 158 Ante, p. 136.

PUBLIC LAW 89-44-JUNE 21, 1965

"(4) SMALL 3-WHEELED TRUCKS.—The tax imposed under section 4061(a) shall not apply in the case of— " (A) an automobile truck chassis which— "^i) has only 3 wheels, "(ii) is powered by a motor which does not exceed 18 brake horsepower (rated at 4,000 revolutions per minute), and "(iii) does not exceed 1,000 pounds gross weight; or " (B) a body designed primarily to be mounted on a chassis described in subparagraph (A). " (b)

26'us*c*42?6!*

78 Stat. 1086.

COMPONENTS.—For

REBUILDING or

PARTS NOT CONSIDERED MANUFACTURING.—

Paragraph (6) of section 4221(d) (relating to tax-free sales for use in further manufacture) is amended by adding at the end thereof the following new sentence: "For purposes of subparagraph (B), the rebuilding of a part or acccssoTy which is exempt from tax under section 4063(c) shall not constitute the manufacture or production of such part or accessory." (d)

74^st^t!*534^^^* 72 st'at. 1306.

CERTAIN TRUCKS INCORPORATING USED

purposes of the tax imposed by section 4061(a)(1) (relating to trucks, buses, etc.), in determming the price for which an article is sold, the value of any component of such article shall be excluded from the price, if— "(1) such component is furnished by the first user of such article, and "(2) such component has been used prior to such furnishing." (c)

72 Stat. 1283.

MANUFACTURERS' PRICE OF TRUCKS I N W H I C H USED PARTS ARE

INCORPORATED.—Section 4216 (relating to definition of price) is amended by adding at the end thereof the following new subsection: "(g)

68A Stat. 481.

[79 STAT.

SCHOOL BUSES.— (1) TAX-FREE SALES.—Subsection (e) of section 4221 (relating

to certain tax-free sales) is amended by adding at the end thereof the following new paragraph: "(6) SCHOOL BUSES.—Under regulations prescribed by the Secretary or his delegate, the tax imposed by section 4061(a) shall not apply to a bus sold to any person for use exclusively in transporting students and employees of schools operated by State or local governments or by nonprofit educational organizations. For purposes of this paragraph, incidental use of a bus in providing transportation for a State or local government or a nonprofit organization described in section 501(c) which is exempt from (2) CREDITS O REFUNDS.—SubsectioD (b)(2) of section 6416 R (relating to special cases in which tax payments are considered overpayments) is amended by adding at the end thereof the following new subparagraph: " (R) in the case of a bus chassis or body taxable under section 4061(a), sold to any person for use as described in section 4221(e)(5). " (e) EFFECTIVE DATES.^—The amendments made by subsections (a), (b), and (d) shall apply with respect to articles sold on or after the day after the da*© or the enactment of this Act. The amendment made by subsection (c) shall apply with respect to articles sold on or after January 1, 1965.
 * ^x under section 501(a) shall be disregarded."

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