Page:United States Statutes at Large Volume 65.djvu/566

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532

Ante, p. 529.

PUBLIC LAW 183—OCT. 20, 1951

[65 STAT.

any person who is liable for tax under subchapter A of chapter 27A, ^s added by section 471, or who is engaged in receiving wagers for or on behalf of any person so liable, and who commenced the activity which makes him subject to such tax, or who was engaged in receiving such wagers, prior to the first day of the first month specified in the preceding sentence, the tax under subchapter B of chapter 27A, as added by section 471, shall be reckoned proportionately from the first day of such month to and including the thirtieth day of June following and shall be due on, and payable on or before, the last day of the month specified in the preceding sentence. Part VIII — M a n u f a c t u r e r s ' Excise T a x e s

SEC. 481. AUTOMOBILES, TRUCKS, AND PARTS OR ACCESSORIES. 7if ^***- *^^ ^^ ® ^ ** (a) INCREASE I N TAX ON TRUCKS.—Section 3403(a) (tax on trucks, 26u. 8. c. §3403. busses, etc.) is hereby amended by striking out "5 per centum" and inserting in lieu thereof "8 per centum, except that on and after April 1, 1954, the rate shall be 5 per centum". (b)

INCREASE I N TAX ON PASSENGER AUTOMOBIUI:S AND MOTOR-

CYCLES.—Section 3403(b) (tax on automobile chassis and bodies, etc.) is hereby amended to read as follows: " (b) OTHER CHASSIS AND BODIES, ETC.—Other automobile chassis and bodies, chassis and bodies for trailers and semitrailers (other than house trailers) suitable for use in connection with passenger automobiles, and motorcycles (including in each case parts or accessories therefor sold on or in connection therewith or with the sale thereof), except tractors, 10 per centum, except that on and after April 1, 1954, the rate shall be 7 per centum. A sale of an automobile, trailer, or semitrailer shall, for the purposes of this subsection, be considered to be a sale of the chassis and of the body." (c) INCREASE I N TAX ON PARTS OR ACCESSORIES.—Section 3403(c) (tax on parts or accessories for automobiles, etc.) is hereby amended by striking out "5 per centum" and inserting in lieu thereof "8 per centum, except that on and after April 1, 1954, the rate shall be 5 per centum". (d) REBUILT PARTS OR ACCESSORIES.—Section 3403(c) (tax on parts or accessories) is hereby amended by adding at the end thereoi the following: " I n determining the sale price of a rebuilt automobile part or accessory there shall be excluded from the price, in accordance with regulations prescribed by the Secretary, the value of a like part or accessory accepted in exchange." (e) TECHNICAL AMENDMENT.—Section 3403(e) (relating to certain credits against the tax imposed by section 3403) is hereby amended by striking out "in the case of an article taxable under subsection (a), 6 per centum, and in the case of an article taxable under subsection (b), 7 per centum" and inserting in lieu thereof "in the case of an article taxable under subsection (a) or subsection (b), the applicable percentage rate of tax provided in such subsections". (f) P A R T S OR ACCESSORIES FOR F A R M EQUIPMENT. — S e c t i o n 3443 (a) ^^63 Stat. 417; 55 Stat, ^gj ^^'^ jg hereby amended by striking o u t the period a t the e n d of 26U.8.c.§3443(a). clausc (v) and inserting i n lieu thereof a semicolon, and by inserting Post, p. 533. ^^^^ ^j^^g^ ^^^ ^j^g following: ^"P*'" ( v i) in the case of articles taxable under section 3403 (c) (other than spark plugs, storage batteries, leaf springs, coils, timers, and tire chains), used or resold for use as repair or replacement parts or accessories for farm equipment (other than equipment taxable under subsection (a) or (b) of section 3403);". (g) EFFECTIVE DATE OF SUBSECTION (f).—The amendment made by subsection (f) shall be effective with respect to articles purchased (by