Page:United States Statutes at Large Volume 85.djvu/560

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PUBLIC LAW 92-178-DEC. 10, 1971

[85 STAT.

(c) EFFECTIVE DATE.—The amendments made by this section shall take effect on the first day of the first month which begins after the date of the enactment of this Act.

TITLE IV—EXCISE TAX SEC. 401. REPEAL OF MANUFACTURERS EXCISE TAX ON PASSENGER AUTOMOBILES, LIGHT-DUTY TRUCKS, ETC. (a)

68A Stat. 481; 84 Stat! 1843. 26 USC 4061.

EEPEAL OF AND EXEMPTIONS FROM T A X. —

(^i^ EEPEAL.—Section 4061(a) (relating to tax on automobiles, etc.) is amended to read as follows: "(a)

TRUCKS,BUSES,TRACTORS,ETC.—

"(1) TAX IMPOSED.—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 of 10 percent of the price for which so sold, except that on and after October 1, 1977, the rate shall be 5 percent— "Automobile truck chassis. "Automobile truck bodies. "Automobile bus chassis. "Automobile bus bodies. "Truck and bus trailer and semitrailer chassis. "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 subsection, be considered to be a sale of a chassis and of a body enumerated in this subsection. " (2) Exci.usiON FOR LIGHT-DUTY TRUCKS, ETC.—The tax imposed by paragraph (1) shall not apply to a sale by the manufacturer, producer, or importer of the following articles suitable for use with a vehicle having a gross vehicle weight of 10,000 pounds or less (as determined under regulations prescribed by the Secretary or his delegate)— "Automobile truck chassis. "Automobile truck bodies. "Automobile bus chassis. "Automobile bus bodies. "Truck trailer and semitrailer chassis and bodies, suitable for use with a trailer or semitrailer having a gross vehicle weight of 10,000 pounds or less (as so determined)." (2) EXEMPTIONS FOR LOCAL TRANSIT BUSES, AND FOR TRASH CON-

79 Stat. 157; 83 Stat. 724;

TAiNERS, ETC.—Section 4063(a) (relating to exemptions for spec[fied articles) is amended by adding at the end thereof the

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Tollowing new paragraphs: "(6) LOCAL TRANSIT BUSES.—The tax imposed under section 4061(a) shall not apply in the case of automobile bus chassis or automobile bus bodies which are to be used predominantly by the purchaser in mass transportation service in urban areas. "(7) TRASH CONTAINERS, ETC.—The tax imposed under section 4061(a) shall not apply in the case of any box, container, receptacle, bin, or other similar article which is to be used as a trash container and is not designed for the transportation of freight other than trash, and which is not designed to be permanently mounted on or permanently affixed to an automobile truck chassis or body, or in the case of parts or accessories designed primarily for use on, in connection with, or as a component part of any such article."

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