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Revenue Ruling

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 Rev. Rul. 72-90

1972-1 C.B. 334

IRS Headnote

Revenue Ruling 70-9, involving the taxability of so-called "stretch-out" types of vehicles is modified to be made applicable only from January 5, 1970.

Full Text

Rev. Rul. 72-90

Revenue Ruling 70-9, C.B. 1970-1, 216, involves application of the manufacturers excise tax imposed by sections 4061(a)(1) and 4061(a)(2) of the Internal Revenue Code of 1954 to the sale or use of so-called "stretch-out" types of vehicles described therein.

Held, under the authority granted by section 7805(b) of the Code, Revenue Ruling 70-9 is effective only as to sales or uses made on and after January 5, 1970.

Revenue Ruling 70-9 is hereby modified.