Page:United States Statutes at Large Volume 98 Part 1.djvu/1066

 98 STAT. 1018

PUBLIC LAW 98-369—JULY 18, 1984 .•>j:'i

"(D) bags, baskets, and other containers designed to hold fish, "(E) portable bait containers, "(F) fishing vests, .; "(G) landing nets, • -.;,, ^H;.|,, "(H) gaff hooks, "(I) fishing hood disgorgers, and "(J) dressing for fishing lines and artificial flies, "(7) fishing tip-ups and tilts, "(8) fishing rod belts, fishing rodholders, fishing harnesses, fish fighting chairs, fishing outriggers, and fishing downriggers, "(9) electric outboard boat motors, and "(10) sonar devices suitable for finding fish.

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"(b) SONAR DEVICE SUITABLE FOR FINDING FISH.—For purposes of

this part, the term 'sonar device suitable for finding fish' shall not include any sonar device which is— ,...., "(1) a graph recorder, "(2) a digital type, "(3) a meter readout, or "(4) a combination graph recorder or combination meter readout. "(c) TREATMENT OF CERTAIN RESALES.—

"(1) IN GENERAL.—If—

Ante, p. 1017. 'i '

"(A) the manufacturer, producer, or importer sells any article taxable under section 4161(a) to any person, "(B) the constructive sale price rules of section 4216(b) do not apply to such sale, and "(C) such person (or any other person) sells such article to ' a related person with respect to the manufacturer, producer, or importer, then such related person shall be liable for tax under section 4161 in the same manner as if such related person were the manufacturer of the article. "(2) CREDIT FOR TAX PREVIOUSLY PAID.—If—

26 USC 6302.

"(A) tax is imposed on the sale of any article by reason of paragraph (1), and "(B) the related person establishes the amount of the tax which was paid on the' sale described in paragraph (1)(A), the amount of the tax so paid shall be allowed as a credit against the tax imposed by reason of paragraph (1). "(3) RELATED PERSON.—For purposes of this subsection, the term 'related person' has the meaning given such term by section 168(e)(4)(D). "(4) REGULATIONS.—Except to the extent provided in regulations, rules similar to the rules of this subsection shall also apply in cases (not described in paragraph (1)) in which intermediaries or other devices are used for purposes of reducing the amount of the tax imposed by section 4161(a)." (c) TiME FOR PAYMENT OF TAX.—Section 6302 (relating to mode or time of collecting tax) is amended by redesignating subsection (d) as subsection (e) and by inserting after subsection (c) the following new subsection: "(d) TIME FOR PAYMENT OF MANUFACTURERS EXCISE TAX ON SPORT

Ante, p. 1017.

FiSHiNG EQUIPMENT.—The tax imposed by section 4161(a) (relating to manufacturers excise tax on sport fishing equipment) shall be due and payable on the date for filing the return for such tax."

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