[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: 26CFR48.4061(b)-1]

[Page 89]
 
                       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. 48.4061(b)-1  Imposition of tax.

    (a) In general. Section 4061(b) imposes a tax on the sale by the 
manufacturer, producer, or importer of parts or accessories (other than 
tires and inner tubes and other than automobile radio and television 
receiving sets) for any of the articles enumerated in section 4061 (a) 
(see paragraph (a) of Sec. 48.4061 (a)-1).
    (b) Rates of tax. Tax is imposed on the sale of parts or accessories 
for any of the articles enumerated in section 4061(a) at the rates 
specified below:


                                                                Percent

(1) Parts or accessories sold during the period January 1,             8
 1959, to June 30, 1965, inclusive...........................
(2) Parts or accessories sold on or after July 1, 1965.......          5



The tax is computed by applying to the price for which the part or 
accessory is sold the rate in effect at the time of the sale. For 
definition of the term ``price'' see section 4216 and the regulations 
thereunder contained in Subpart M of this part.
    (c) Liability for tax. The tax imposed by section 4061(b) is payable 
by the manufacturer, producer, or importer making the sale.

[T.D. 6648, 28 FR 3633, Apr. 13, 1963, as amended by T.D. 6753, 29 FR 
12717, Sept. 9, 1964]