Untitled Document

The Tax Resource Group: Professional Tax Research Material, Resources, and Consulting

Category: Miscellaneous
Subject: Excise Tax
Title: Retail Excise Tax on Heavy Trucks
IRC Sections: 4051(b)
Filename: 1152.html
Date Produced: 5/96

Reg. Sec. 48.0-2(a)(4)(i) defines the term manufacturer.

Reg. Sec. 145.4052-1(c) defines use as a sale.

IRC Sec. 4051(b) imposes the excise tax on any parts or accessories added to a taxable item within six months of its having been placed in service.

First, the exclusion from tax is extended to truck chassis and truck bodies
suitable for use with a vehicle which has a gross vehicle weight of 33,000
pounds or less. The exclusion from tax also is extended to truck trailer and
semitrailer chassis and bodies suitable for use with a trailer or semitrailer
which has a gross vehicle weight of 26,000 pounds or less. The committee
intends that the same concept of gross vehicle weight will apply as it does
under present law. In addition, the committee amendment exempts from this tax
rail trailers and rail vans, the chassis or body of which includes as an
integral part one or more rail axles and which is designed primarily for use
on a railroad. For purposes of this exemption, a piggy-back trailer or
semitrailer is not treated as designed primarily for use on a railroad.