482
INTERNAL REVENUE CODE OF 1954
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(b) PARTS AND ACCESSORIES.—There is hereby imposed upon 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 subsection (a) sold by the manufacturer, producer, or importer a tax equivalent to 8 percent of the price for which so sold, except that on and after April 1, 1955, the rate shall be 5 percent. SEC. 4062. DEFINITIONS. (a) CERTAIN ARTICLES CONSIDERED AS P A R T S. — For the purposes
of section 4061, spark plugs, storage batteries, leaf springs, coils, timers, and tire chains, which are suitable for use on or in connection with, or as component parts of, any of the articles enumerated in section 4061(a), shall be considered parts or accessories for such articles, whether or not primarily adapted for such use. (b) SALE P R I C E OP R E B U I L T P A R T S. — 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 or his delegate, the value of a like part or accessory accepted in exchange. SEC. 4063, EXEMPTIONS. (a) SPECIFIC ARTICLES E X E M P T FROM T A X ON AUTOMOBILES.—
The tax imposed under section 4061(a)(2) shall not apply in the case of house trailers or tractors. (b) SALES TO MANUFACTURERS.—Under regulations prescribed by
the Secretary or his delegate, the tax under section 4061 shall not apply in the case of sales of bodies or parts or accessories by the manufacturer, producer, or importer to a manufacturer or producer of automobile trucks or other automobiles to be sold by such vendee. For the purposes of section 4061, such vendee shall be considered the manufacturer or producer of such bodies, or parts or accessories. PART II—TIRES AND TUBES Sec. 4071. Imposition of tax. Sec. 4072. Definition of rubber. Sec. 4073. Exemptions.
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SEC. 4071. IMPOSITION OF TAX.
There is hereby imposed upon the following articles sold by the manufacturer, producer, or importer a tax at the following rates: (1) Tires wholly or in part of rubber, 5 cents a pound on total weight (exclusive of metal rims or rim bases); (2) Inner tubes (for tires) wholly or in part of rubber, 9 cents a pound on total weight. The total weight of the foregoing articles is to be determined under regulations prescribed by the Secretary or his delegate. SEC. 4072, DEFINITION OF RUBBER. For the purposes of this chapter, the term "rubber" includes synthetic and substitute rubber, SEC. 4673. EXEMPTIONS. (a) T I R E S OF CERTAIN SIZES.—The tax imposed by section 4071
shall not apply to tires which are not more than 20 inches in diameter and not more than 1% inches in cross-section, if such tires are of all§ 4061(b)
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