Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_4216
Timestamp: 2020-08-11 18:08:09
Document Index: 363994655

Matched Legal Cases: ['§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216', '§ 4216']

Internal Revenue Code, § 4216. Definition Of Price
§ 4216
I.R.C. § 4216(a) Containers, Packing And Transportation Charges. —
I.R.C. § 4216(b) Constructive Sale Price
I.R.C. § 4216(b)(1) In General —
I.R.C. § 4216(b)(1)(A) —
I.R.C. § 4216(b)(1)(B) —
I.R.C. § 4216(b)(1)(C) —
I.R.C. § 4216(b)(2) Special Rule —
I.R.C. § 4216(b)(2)(A) —
I.R.C. § 4216(b)(2)(B) —
I.R.C. § 4216(b)(2)(C) —
I.R.C. § 4216(b)(3) Constructive Sale Price In Case Of Certain Articles —
I.R.C. § 4216(b)(3)(A) —
I.R.C. § 4216(b)(3)(B) —
I.R.C. § 4216(b)(4) Constructive Sale Price In Case Of Certain Other Articles —
I.R.C. § 4216(b)(4)(A) —
I.R.C. § 4216(b)(4)(B) —
I.R.C. § 4216(b)(4)(C) —
I.R.C. § 4216(b)(5) Definition Of Lowest Price —
I.R.C. § 4216(b)(5)(A) —
I.R.C. § 4216(b)(5)(B) —
I.R.C. § 4216(c) Partial Payments —
I.R.C. § 4216(c)(1) —
I.R.C. § 4216(c)(2) —
I.R.C. § 4216(c)(3) —
I.R.C. § 4216(c)(4) —
I.R.C. § 4216(d) Sales Of Installment Accounts —
If installment accounts, with respect to payments on which tax is being computed as provided in subsection (c), are sold or otherwise disposed of, then subsection (c) shall not apply with respect to any subsequent payments on such accounts (other than subsequent payments on returned accounts with respect to which credit or refund is allowable by reason of section 6416(b)(5)), but instead--
I.R.C. § 4216(d)(1) —
I.R.C. § 4216(d)(2) —
I.R.C. § 4216(e) Exclusion Of Local Advertising Charge From Sale Price
I.R.C. § 4216(e)(1) Exclusion —
I.R.C. § 4216(e)(1)(A) —
I.R.C. § 4216(e)(1)(B) —
I.R.C. § 4216(e)(1)(C) —
I.R.C. § 4216(e)(2) Aggregate Amount Which May Be Excluded —
I.R.C. § 4216(e)(2)(A) —
I.R.C. § 4216(e)(2)(B) —
I.R.C. § 4216(e)(3) No Adjustment For Other Advertising Charges —
I.R.C. § 4216(e)(4) Local Advertising Defined —
I.R.C. § 4216(e)(4)(A) —
I.R.C. § 4216(e)(4)(B) —
I.R.C. § 4216(e)(4)(C) —
(Aug. 16, 1954, ch. 736, 68A Stat. 493 ; Aug. 9, 1955, ch. 677, 1, 2, 69 Stat. 613; Sept. 2, 1958, Pub. L. 85-859, title I, 115, 116, 117(b), 72 Stat. 1279-1281 ; Sept. 14, 1960, Pub. L. 86-781, 1, 74 Stat. 1017; Oct. 9, 1962, Pub. L. 87-770, 2(a), 76 Stat. 768; Oct. 23, 1962, Pub. L. 87-858, 1(a), 76 Stat. 1134; June 21, 1965, Pub. L. 89-44, title II, 207(a), (b), 208(a), (b), title VIII, 801(b), 79 Stat. 140, 141, 158; Dec. 30, 1969, Pub. L. 91-172, title IX, 932(a), 83 Stat. 725; Dec. 31, 1970, Pub. L. 91-614, title III, 301(a), (b), 84 Stat. 1844; Dec. 10, 1971, Pub. L. 92-178, title IV, 401(g)(4), 85 Stat. 533; Oct. 4, 1976, Pub. L. 94-455, title XIX, 1904(a)(2), 1906(b)(13)(A), 90 Stat. 1811, 1834; Oct. 14, 1978, Pub. L. 95-458, 1(a), (b), 92 Stat. 1255; July 18, 1984, Pub. L. 98-369, div. A, title VII, 735(c)(6), 98 Stat. 982.)
[4201. Repealed. Pub. L. 89-44, title II, 206, June 21, 1965, 79 Stat. 140]
Section, acts Aug. 16, 1954, ch. 736, 68A Stat. 492 ; Sept. 14, 1960, Pub. L. 86-779, 9(a), 74 Stat. 1003, imposed a tax equivalent to 10 percent of the selling price on mechanical pencils, fountain pens, and ball point pens and 10 cents on mechanical cigarette lighters.
[4211. Repealed. Pub. L. 89-44, title II, 206, June 21, 1965, 79 Stat. 140]
Section, act Aug. 16, 1954, ch. 736, 68A Stat. 492 , imposed a tax of 2 cents per 1,000 for matches, except fancy wooden matches, and a tax of 5-1/2 cents per 1,000 on fancy wooden matches.
1958--Pub. L. 85-859, title I, 117(d), 119(b)(3), Sept. 2, 1958, 72 Stat. 1281, 1286, substituted “Leases” for “Lease considered sale” in item 4217, and struck out items 4220 to 4225.
1956--Act June 29, 1956, ch. 462, title II, 207(b), 70 Stat. 392, added item 4226 and redesignated former item 4226 as 4227.
1984--Subsec. (b)(1). Pub. L. 98-369, 735(c)(6)(A), in provisions following subpar. (C) struck out “(other than an article the sale of which is taxable under section 4061(a))” in second sentence, before “the computation under the preceding sentence”, and struck out provision that in the case of an article the sale of which is taxable under section 4061(a) and which is sold at retail, the computation under the first sentence of this paragraph shall be a percentage (not greater than 100 percent) of the actual selling price based on the highest price for which such articles are sold by manufacturers and producers in the ordinary course of trade (determined without regard to any individual manufacturer's or producer's cost).
Subsec. (b)(2)(B) to (D). Pub. L. 98-369, 735(c)(6)(B), inserted “and” at end of subpar. (B), redesignated subpar. (D) as (C), and struck out former subpar. (C) which related to articles upon which tax is imposed under section 4061(a) of this title.
Subsec. (b)(3). Pub. L. 98-369, 735(c)(6)(D), substituted “paragraph (4)” for “paragraphs (4) and (5)”.
Subsec. (b)(5), (6). Pub. L. 98-369, 735(c)(6)(C), (E), redesignated par. (6) as par. (5), substituted “(1) and (3)" for “(1), (3) and (5)”, and struck out former par. (5) which related to constructive sale price in the case of automobiles, trucks, etc.
Subsec. (f). Pub. L. 98-369, 735(c)(6)(F), struck out subsec. (f) which related to certain trucks incorporating used components.
1978--Subsec. (b)(1). Pub. L. 95-458 substituted “article sold at retail (other than an article the sale of which is taxable under section 4061(a)), the computation" for “article sold at retail, the computation” and inserted provision requiring the computation of tax on articles taxable under section 4061(a) which are sold at retail to be a percentage, but not greater than 100% of the actual selling price based on the highest price for which the articles are sold by manufacturers and producers in the ordinary course of trade, determined without regard to individual manufacturer's or producer's cost.
Subsec. (b). Pub. L. 94-455, 1904(a)(2)(B), 1906(b)(13)(A), struck out “or his delegate” after “Secretary” in two places in par. (1), and substituted “subsections (a) and (e)” for “subsections (a) and (f)” in pars. (3), (4), and (5), after “or readjustments under”.
Subsecs. (d) to (g). Pub. L. 94-455, 1904(a)(2)(A), redesignated subsecs. (e) to (g) as (d) to (f), respectively.
1971--Subsec. (b)(2)(C), (5). Pub. L. 92-178, 401(g)(4)(A), substituted “(relating to trucks, buses, tractor, etc.)” for “(relating to automobiles, trucks, etc.)”.
Subsec. (g). Pub. L. 92-178, 401(g)(4)(B), inserted reference to “tractors,” after “buses,”.
1970--Subsec. (b)(3). Pub. L. 91-614, 301(b), substituted “Constructive sale price” for “Fair market price” in heading, “constructive sale price” for “fair market price” three places in text, substituted “paragraphs (4) and (5)" for “paragraph (4)” and “paragraph (1)” for “paragraph (1)(C)”.
Subsec. (b)(4). Pub. L. 91-614, 301(b)(2), substituted “Constructive sale price” for “Fair market price” in heading, “constructive sale price” for “fair market price” in text, and “paragraph (1)” for “paragraph (1)(C)”.
Subsec. (b)(5), (6). Pub. L. 91-614, 301(a), added pars. (5) and (6).
1969--Subsec. (b)(3), (4). Pub. L. 91-172 added pars. (3) and (4).
1965--Subsec. (b)(2). Pub. L. 89-44, 208(a), struck out reference to special dealers and to articles upon which tax is imposed under section 4191 or 4211 of this title.
Subsec. (b)(3). Pub. L. 89-44, 208(b), struck out par. (3) which related to special dealers.
Subsec. (c). Pub. L. 89-44, 207(a), struck out “that portion of the total tax which is proportionate to the portion of the total amount to be paid represented by such payment” in text following par. (4) and inserted in lieu thereof “a percentage of such payment equal to the rate of tax in effect on the date such payment is due”.
Subsec. (e)(1). Pub. L. 89-44, 207(b)(1), substituted “total tax which would be payable if such installment accounts had not been sold or otherwise disposed of (computed as provided in subsection (c)) for “total tax”.
Subsec. (e)(2). Pub. L. 89-44, 207(b)(2), substituted, as factor (A) in the formula for computing the maximum amount, the proportionate share of the amount for which such accounts are sold which is allocable to each unpaid installment payment for the amount for which such accounts are sold, and, as factor (B) in the formula, the rate of tax on the date that such unpaid installment payment is or was due for the rate of tax which applied on the day on which the transaction giving rise to such installment accounts took place.
Subsec. (g). Pub. L. 89-44, 801(b), added subsec. (g).
1962--Subsec. (b)(2)(C). Pub. L. 87-858 inserted “in the case of articles upon which tax is imposed under section 4061(a) (relating to automobiles, trucks, etc.), 4191 (relating to business machines), or 4211 (relating to matches)," before “the normal method”.
Subsec. (f)(4)(C). Pub. L. 87-770 substituted “,appears in a newspaper or magazine, or is displayed by means of an outdoor advertising sign or poster” for “or appears in a newspaper”.
1960--Subsec. (f). Pub. L. 86-781 added subsec. (f).
1958--Subsec. (b). Pub. L. 85-859, 115, inserted provisions in par. (1) requiring, in the case of an article sold at retail, the computation to be on either the price for which the article is sold, or the highest price for which the articles are sold to wholesale distributors, in the ordinary course of trade, by manufacturers or producers thereof, whichever is lower, and added pars. (2) and (3).
Subsec. (c). Pub. L. 85-859, 117(b), substituted “section 4217(b)” for “subsection (d)”.
Subsec. (d). Pub. L. 85-859, 117(b), repealed subsec. (d) which related to tax on leases of certain trailers.
Subsec. (e). Pub. L. 85-859, 116, added subsec. (e).
1955--Subsec. (c)(1). Act Aug. 9, 1955, 1, inserted “(other than a lease to which subsection (d) applies)”.
Subsec. (d). Act Aug. 9, 1955, 2, added subsec. (d).
Section 1(c) of Pub. L. 95-458 provided that: “The amendments made by this section [amending this section] shall apply to articles sold by the manufacturer or producer on or after the first day of the first calendar quarter beginning 30 days or more after the date of enactment of this Act [Oct. 14, 1978].”
Amendment by section 1904(a)(2) of Pub. L. 94-455 effective on the first day of the first month which begins more than 90 days after Oct. 4, 1976, see section 1904(d) of Pub. L. 94-455, set out as a note under section 4041 of this title.
Amendment by Pub. L. 92-178 applicable with respect to articles sold on or after the day after Dec. 10, 1971, see section 401(h)(1) of Pub. L. 92-178, set out as a note under section 4061 of this title.
Section 301(c) of Pub. L. 91-614, as amended by Pub. L. 99-514, 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “The amendments made by this section [amending this section] shall apply with respect to articles sold after December 31, 1970; except that section 4216(b)(6) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954 ] (as added by subsection (a)) shall also apply to (1) the application of paragraph (1) of such section 4216(b) to articles sold after June 30, 1962, and before January 1, 1971, and (2) the application of paragraph (3) of such section 4216(b) to articles sold after December 31, 1969, and before January 1, 1971.”
Section 932(b) of Pub. L. 91-172 provided that: “The amendment made by subsection (a) [amending this section] shall apply with respect to articles sold after December 31, 1969.”
Amendment by section 207(a), (b) of Pub. L. 89-44 effective June 22, 1965, and amendment by section 208 of Pub. L. 89-44 applicable with respect to articles sold on or after June 22, 1965, except insofar as such amendments related to the taxes imposed by sections 4061(b), 4091, or 4131 and, as to such taxes, applicable with respect to articles sold on or after January 1, 1966, see section 701(a) of Pub. L. 89-44, set out as a note under section 4161 of this title.
Section 801(e) of Pub. L. 89-44 provided that: “The amendments made by subsections (a), (b), and (d) [amending sections 4063, 4216, 4221, and 6416 of this title] shall apply with respect to articles sold on or after the day after the date of the enactment of this Act [June 21, 1965]. The amendment made by subsection (c) [amending section 4221 of this title] shall apply with respect to articles sold on or after January 1, 1965.”
Section 1(b) of Pub. L. 87-858 provided that: “The amendment made by subsection (a) [amending this section] shall apply with respect to articles sold by the manufacturer, producer, or importer on or after October 1, 1962.”
Section 2(b) of Pub. L. 87-770 provided that: “The amendment made by subsection (a) [amending this section] shall apply with respect to articles sold on or after the first day of the first calendar quarter beginning more than 20 days after the date of the enactment of this Act [Oct. 9, 1962].”
Section 3 of Pub. L. 86-781 provided that: “The amendments made by this Act [amending this section and section 6416 of this title] shall apply with respect to articles sold on or after the first day of the first calendar quarter beginning more than twenty days after the date of the enactment of this Act [Sept. 14, 1960].”
Amendment by Pub. L. 85-859 effective on the first day of the first calendar quarter which begins more than 60 days after Sept. 2, 1958, see section 1(c) of Pub. L. 85-859.
Section 4 of act Aug. 9, 1955, as amended by act Oct. 22, 1986, Pub. L. 99-514, 2, 100 Stat. 2095, provided that: “The amendments made by subsection (a) [probably should refer to amendments made by sections 1 to 3 of act Aug. 9, 1955, amending this section and section 4217 of this title] shall take effect on the first day of the first month which begins more than 10 days after the date of the enactment of this act [Aug. 9, 1955]. In the application of section 4216(d) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954 ] (as added by this Act) to any article which has been leased before the effective date specified in the preceding sentence, under regulations prescribed by the Secretary of the Treasury or his delegate--