Rev. Rul. 60-392

Revenue Ruling 58-284, C.B. 1958-1, 400, which was published in the Internal Revenue Bulletin dated June 9, 1958, holds that the manufacturers excise tax imposed by section 4061(a) of the Internal Revenue Code of 1954 applies to sales by the manufacturer of a certain three-wheel vehicle which is designed for use in the delivery and collection of mail. Under the authority of section 7805(b) of the Code, that conclusion will not be applied to vehicles sold before June 9, 1958. With respect to the performance of firm contracts entered into as the result of bids made prior to that date, no tax will be imposed even though delivery of the vehicles was made on or after that date. Revenue Ruling 58-284 is hereby modified accordingly.

¹ Also released in Technical Information Release 279, dated December 20, 1960.