Par. 13. Section 48.4071-1 is revised to read as follows:
(a) In general. (1) Tax is imposed by section 4071 on the sale by the manufacturer of a taxable tire with a maximum rated load capacity greater than 3,500 pounds.
(2) See § 48.4072-1(b) for the definition of the term taxable tire.
(b) Tax base and computation of tax. The tax base is equal to the number of 10-pound increments, rounded down to the nearest ten pounds, by which the maximum rated load capacity exceeds 3,500 pounds. The tax is determined by multiplying this tax base by the rate of tax specified in section 4071(a). Thus, for example, a taxable tire with a maximum rated load capacity of 4,005 pounds is treated as having a maximum rated load capacity of 4,000 pounds and a tax base of 50 ((4000 − 3,500) ÷ 10). The tax imposed on the tire is the rate of tax under section 4071(a) times 50.
(c) Liability for tax. The manufacturer of a taxable tire is liable for the tax imposed by section 4071.
(d) Effective/applicability date. This section applies on and after the date of publication of these regulations in the Federal Register as final regulations.