Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 27 - Alcohol, Tobacco Products and Firearms |
Chapter I - Alcohol and Tobacco Tax and Trade Bureau, Department of the Treasury |
SubChapter C - Firearms |
Part 53 - Manufacturers Excise Taxes - Firearms and Ammunition |
Subpart J - Special Provisions Applicable to Manufacturers Taxes |
Use by Manufacturer or Importer Considered Sale |
§ 53.112 - Business or personal use of articles.
Latest version.
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§ 53.112 Business or personal use of articles.
(a) Business use. Section 4218 of the Code applies to the use by a person, in the operation of any business in which he is engaged, of a taxable article which has been manufactured, produced, or imported by him or his agent.
(b) Personal use. The tax on use of a taxable article does not attach in cases where an individual incidentially manufacturers, produces, or imports a taxable article for his personal use or causes a taxable article to be manufactured, produced, or imported for his personal use.