Treasury Regulations (26 C.F.R.)
26 CFR § 48.4216(f)-1
Value of used components excluded from price of certain trucks.
For purposes of the tax imposed by section 4061(a)(1) (relating to trucks, buses, etc.), in determining the price for which an article is sold, the value of any previously used component of such article shall be excluded from the price if the person furnishing the component is the first user of the finished article. For example, where a manufacturer builds a truck for a customer who intends to use, rather than resell the truck, incorporating used parts furnished by the customer, the value of the previously used parts shall not be included in the price for which the truck is considered sold by the manufacturer.
[T.D. 7536, 43 FR 13521, Mar. 31, 1978]
Source: view the official text
In this part (40 sections)
- 48.4161(b) · [Reserved]
- 48.4161(b)-1 · Imposition and rates of tax; bows and arrows.
- 48.4161(b)-2 · Meaning of terms.
- 48.4161(b)-3 · Use considered sale.
- 48.4161(b)-4 · Tax-free sales.
- 48.4161(b)-5 · Effective date.
- 48.4191-1 · Imposition and rate of tax.
- 48.4191-2 · Taxable medical device.
- 48.4216(a)-1 · Charges to be included in sale price.
- 48.4216(a)-2 · Exclusions from sale price.
- 48.4216(a)-3 · Other items relating to tax on sale price.
- 48.4216(b)-1 · Constructive sale price; scope and application.
- 48.4216(b)-2 · Constructive sale price; basic rules.
- 48.4216(b)-3 · Constructive sale price; special rule for arm's-length…
- 48.4216(b)-4 · Constructive sale price; affiliated corporations.
- 48.4216(c)-1 · Computation of tax on leases and installment sales.
- 48.4216(d)-1 · Sales of installment accounts.
- 48.4216(e)-1 · Exclusion of local advertising charges from sale price.
- 48.4216(e)-2 · Limitation on aggregate of exclusions and price…
- 48.4216(e)-3 · No exclusion or readjustment for other advertising…
- 48.4216(f)-1 · Value of used components excluded from price of certain…
- 48.4217-1 · Lease considered as sale.
- 48.4217-2 · Limitation on amount of tax applicable to certain leases.
- 48.4218-1 · Tax on use by manufacturer, producer, or importer.
- 48.4218-2 · Business or personal use of articles.
- 48.4218-3 · Events subsequent to taxable use of article.
- 48.4218-4 · Use in further manufacture.
- 48.4218-5 · Computation of tax.
- 48.4219-1 · Sales of taxable articles by a person other than the…
- 48.4221-1 · Tax-free sales; general rule.
- 48.4221-2 · Tax-free sale of articles to be used for, or resold for,…
- 48.4221-3 · Tax-free sale of articles for export, or for resale by the…
- 48.4221-4 · Tax-free sale of articles for use by the purchaser as…
- 48.4221-5 · Tax-free sale of articles to State and local governments…
- 48.4221-6 · Tax-free sales of articles to nonprofit educational…
- 48.4221-7 · Tax-free sales of tires and tubes.
- 48.4221-8 · Tax-free sales of tires, tubes, and tread rubber used on…
- 48.4222(a)-1 · Registration.
- 48.4222(b)-1 · Exceptions to the requirement for registration.
- 48.4222(c)-1 · Revocation or suspension of registration.