[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: 26CFR48.4062(b)-1]

[Page 93]
 
                       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. 48.4062(b)-1  Rebuilt parts or accessories sold on an exchange basis.

    The sale price of a rebuilt part or accessory on which the tax is to 
be computed shall not include the value of a like part or accessory 
accepted in exchange. The total amount charged in excess of the amount 
allowed for a like article accepted in an exchange will be the basis for 
tax. For example, if a rebuilt automobile engine is sold for $100, plus 
another automobile engine, the tax on the rebuilt engine will be 
computed on the basis of $100.