Source: https://www.law.cornell.edu/uscode/text/26/4223?qt-us_code_tabs=1
Timestamp: 2015-03-02 13:55:55
Document Index: 227505443

Matched Legal Cases: ['§ 4223', '§ 4223', '§ 4223', '§ 119', '§ 2', '§ 1906', '§ 735', '§ 119']

26 U.S. Code § 4223 - Special rules relating to further manufacture | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle D › Chapter 32 › Subchapter G › § 4223 26 U.S. Code § 4223 - Special rules relating to further manufacture
Purchasing manufacturer to be treated as the manufacturer For purposes of this chapter, a manufacturer or producer to whom an article is sold or resold free of tax under section 4221
(a)(1) for use by him in further manufacture shall be treated as the manufacturer or producer of such article.
Computation of tax If the manufacturer or producer referred to in subsection (a) incurs liability for tax under this chapter on his sale or use of an article referred to in subsection (a) and the tax is based on the price for which the article is sold, the article shall be treated as having been sold by him—
at the price for which the article was sold by him (or, where the tax is on his use of the article, at the price referred to in section 4218
(c)); or
if he so elects and establishes such price to the satisfaction of the Secretary—
(Added Pub. L. 85–859, title I, § 119(a),Sept. 2, 1958, 72 Stat. 1285; amended Pub. L. 86–418, § 2(b),Apr. 8, 1960, 74 Stat. 38; Pub. L. 94–455, title XIX, § 1906(b)(13)(A),Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title VII, § 735(c)(10),July 18, 1984, 98 Stat. 983.)
A prior section 4223, act Aug. 16, 1954, ch. 736, 68A Stat. 495, related to exemption of articles manufactured or produced by Indians, prior to repeal by Pub. L. 85–859, § 119(a). See section 4225 of this title.
1984—Subsec. (b)(1). Pub. L. 98–369substituted “4218(c)” for “section 4218
1976—Subsec. (b)Pub. L. 94–455struck out “or his delegate” after “Secretary”.
1960—Subsec. (b)(1). Pub. L. 86–418substituted “section 4218
(e)” for “section 4218
Amendment by Pub. L. 86–418applicable only with respect to bicycle tires and tubes sold by the manufacturer, producer, or importer thereof on or after the first day of the first month which begins more than 10 days after April 8, 1960, see section 4 ofPub. L. 86–418, set out as a note under section 4221 of this title.