[Code of Federal Regulations]
[Title 26, Volume 16]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR48.4052-1]

[Page 77]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 48_MANUFACTURERS AND RETAILERS EXCISE TAXES--Table of Contents
 
 Subpart H_Motor Vehicles, Tires, Tubes, Tread Rubber, and Taxable Fuel
 
Sec. 48.4052-1  Heavy trucks and trailers; certification requirement.

    Source: T.D. 6648, 28 FR 3633, Apr. 13, 1963, unless otherwise 
noted.

                      Automotive and Related Items

                             motor vehicles


    (a) In general. Tax is not imposed by section 4051 on the sale of an 
article for resale or leasing in a long-term lease if, by the time of 
sale, the seller has in good faith accepted from the buyer a statement 
that the buyer executed in good faith and that is in substantially the 
same form, and subject to the same conditions, as the certificate 
described in Sec. 145.4052-1(a)(6) of this chapter, except that the 
certificate must be signed under penalties of perjury and need not refer 
to Form 637 or include a registration number.
    (b) References to Sec. 145.4052-1(a)(2) of this chapter. References 
to Sec. 145.4052-1(a)(2) of this chapter appearing in Sec. 145.4052-1 
of this chapter apply also to paragraph (a) of this section.
    (c) Effective date. This section is applicable after June 30, 1998. 
In addition, tax is not imposed on a sale occurring after December 31, 
1997, and before July 1, 1998, if the conditions of paragraph (a) of 
this section are satisfied.

[T.D. 8879, 65 FR 17155, Mar. 31, 2000]