[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR303.1-2]

[Page 754]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 303_TAXES UNDER THE TRADING WITH THE ENEMY ACT--Table of Contents
 
Sec. 303.1-2  Application of part.

    (a) Property covered. This part is applicable in connection with 
property vested in the Attorney General on and after December 18, 1941. 
It is not applicable in connection with property or interest in property 
so vested or acquired by the United States prior to December 18, 1941, 
which property or interest is governed by Treasury Decision 4168, 
approved June 21, 1928, as amended by Treasury Decision 4254, approved 
January 7, 1929, and Treasury Decision 4514, approved January 18, 1935 
(26 CFR (1938 ed.) 452.1-452.10).
    (b) Taxes covered. Except as otherwise provided by specific 
exemption applicable with respect to the Alien Property Custodian, this 
part applies in the circumstances therein indicated, to any internal 
revenue tax applicable in respect of (1) property vested in the Attorney 
General or any action or transaction incidental to such property, or (2) 
any person whose property is so vested or any action or transaction of 
such person, whether the tax is applicable in respect of the period of 
vesting or any other period. Federal employment taxes are applicable 
with respect to wages paid to a person not a regular Government 
employee, permanent or temporary, for services immediately connected 
with the operation of an enterprise under control of the Attorney 
General such as might be rendered to a private operator.