Page:United States Statutes at Large Volume 98 Part 1.djvu/1028

 98 STAT. 980

PUBLIC LAW 98-369—JULY 18, 1984 (d) FLOOR STOCKS REFUNDS FOR TREAD RUBBER.—Paragraph (1) of

26 USC 4061 note.

26 USC 4061 "°t^

section 523(b) of the Highway Revenue Act of 1982 (relating to floor stocks refunds for tires) is amended by adding at the end thereof the following new sentence: "Any tread rubber which was subject to tax under section 4071(a)(4) as in effect on December 31, 1983, and which on January 1, 1984, is part of a retread tire which is held by a dealer and has not been used and is intended for sale shall be treated as a tax-repealed article for purposes of subsection (a) of section 522." (e) PENALTIES, ETC., TO APPLY TO FLOOR STOCKS TAXES.—Subsec-

26 USC 4061 note.

tion (c) of section 521 of the Highway Revenue Act of 1982 is amended by adding at the end thereof the following: "All other provisions of law, including penalties, applicable with respect to the taxes imposed by section 4081 or 4071(a) (whichever is appropriate) shall apply to the floor stocks taxes imposed by this section."

26 USC 4481.

Subsection (a) of section 4481 (relating to tax on use of certain vehicles), as in effect before the amendments made by the Highway Revenue Act of 1982, is amended by striking out the last sentence.

(f) No

26 USC 1 note.

1984

SHORT TAXABLE PERIOD FOR OWNER-OPERATORS.—

(g) CLARIFICATION OF SECONDARY LIABILITY OF INSTALLERS OF PARTS

26 USC 4051.

AND ACCESSORIES PURCHASED SEPARATELY.—The text of section 4051(b)(3) is amended to read as follows: "The owners of the trade or business installing the parts or accessories shall be secondarily liable for the tax imposed by paragraph (1)." (h) No INFERENCE FOR PAST PERIODS TO B E DRAWN FROM AMENDMENT RELATING TO CUSTOMARY U S E OF TRAILERS.—The subsection

96 Stat. 2177.

heading of subsection (c) of section 513 of the Highway Revenue Act of 1982 is amended by striking out "Clarification o f. (i) WIRE TRANSFER TO FEDERAL RESERVE BANK REQUIRED WHERE EXTENSION OF PAYMENT DUE DATE FOR CERTAIN FUEL TAXES.—

26 USC 4081 note.

Subsection (a) of section 518 of the Highway Revenue Act of 1982 (relating to extension of payment due date for certain fuel taxes) is amended by striking out "any government depository authorized under section 6302 of such Code" and inserting in lieu thereof ", except as provided in regulations prescribed by the Secretary of the Treasury or his delegate, any Federal Reserve Bank". (j) CREDIT OR REFUND OF RETAIL TAX ON TRUCKS AND TRAILERS WHERE PRICE READJUSTMENTS.—Subparagraph (A) of section

26 USC 6416.

6416(b)(1) (relating to price readjustments) is amended by inserting "or by section 4051" after "by chapter 32". SEC. 735. REPEAL OF CERTAIN PROVISIONS MADE OBSOLETE BY HIGHWAY REVENUE ACT OF 1982. (a) DELETION OF TERMINATED MANUFACTURERS EXCISE TAX ON MOTOR VEHICLES.—

26 USC 4061-4063. ^LV^^ ^^^^'

(1) Part I of subchapter A of chapter 32 is amended by striking out sections 4061, 4062, and 4063. (2) The part heading and the table of sections for such part I are amended to read as follows:

4064.

"PART I—GAS GUZZLERS "Sec. 4064. Gas guzzlers tax."

(3) The table of parts for subchapter A of chapter 32 is amended by striking out the item relating to part I and inserting in lieu thereof the following: "Part I. Gas guzzlers."

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