Page:United States Statutes at Large Volume 98 Part 1.djvu/1026

 98 STAT. 978

PUBLIC LAW 98-369—JULY 18, 1984 refunds for tires) is amended by adding at the end thereof the following new paragraph: "(3) SPECIAL RULES FOR TIRES TAXED AT LOWER RATE AFTER

Ante, p. 977.

26 USC 4061 note,

JANUARY 1, 1984.—In the case of any tire which is a tax-repealed article solely by reason of the amendment made by subsection (a)(1) or (d) of section 734 of the Tax Reform Act of 1984— "(A) the amount of the credit or refund under subsection (a) shall not exceed the excess of— "(i) the tax imposed with respect to such tire by section 4071(a) as in effect on December 31, 1983, over "(ii) the tax which would have been imposed with respect to such tire by section 4071(a) on January 1, 1984, and "(B) paragraph (1) of section 522(a) shall be a p p l i e d "(i) by substituting 'January 1, 1985' for 'July 1, 1983', and "(ii) by substituting 'April 1, 1985' for 'October 1, 1983' each place it appears." (B) CONFORMING AMENDMENT.—Paragraph (2) of section

26 USC 4061 note.

523(b) of such Act is amended by striking out "In the case o f and inserting in lieu thereof "Except as provided in paragraph (3), in the case o f. (b) OVERPAYMENTS OF TAX ON TRUCKS, ETC., AND TIRES.— (1) TRUCKS, ETC.—

26 USC 6416.

(A) IN GENERAL.—Subsection (b) of section 6416 (relating to special cases in which tax payments considered overpayments) is amended by inserting after paragraph (5) the following new paragraph: "(6) T R U C K CHASSIS, BODIES, A N D SEMITRAILERS USED FOR FUR-

THER MANUFACTURE.—If^

"(A) the tax imposed by section 4051 has been paid with respect to the sale of any article, and "(B) before any other use, such article is by any person used as a component part of another article taxable under section 4051 manufactured or produced by him, such tax shall be deemed to be an overpayment by such person. For purposes of the preceding sentence, an article shall be treated as having been used as a component part of another article if, had it not been broken or rendered useless in the manufacture or production of such other article, it would have been so used." (B) TECHNICAL AMENDMENT.—Subparagraph (B) of section 6416(a)(2) is amended by striking out "or (5)" and inserting in lieu thereof "(5), or (6)". (2) TIRES.—

(A) IN GENERAL.—Paragraph (4) of section 6416(b) (relating to tires) is amended to read as follows: "(4) TIRES.—If—

"(A) the tax imposed by section 4071 has been paid with respect to the sale of any tire by the manufacturer, producer, or importer thereof, and "(B) such tire is sold by any person on or in connection with, or with the sale of, any other article, such tax shall be deemed to be an overpayment by such person if such other article is— "(i) an automobile bus chassis or an automobile bus body, or

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