Laminated tires refer to a specific type of tire that is not designed for use on highway vehicles. According to federal regulations, these tires are made entirely from scrap rubber derived from used tire casings and include an internal metal fastening agent. They are distinct from standard highway vehicle tires, which are used on vehicles such as cars, trucks, and buses.
Laminated tires are relevant in the context of excise taxes imposed on manufacturers and retailers. The term is defined under federal tax regulations, specifically in relation to the types of tires that are subject to taxation. Understanding this classification can be important for businesses involved in the manufacturing or sale of tires, as it affects tax obligations and compliance with federal regulations.
Here are a couple of examples of abatement:
Example 1: A company manufactures laminated tires for use in off-road vehicles or industrial applications. These tires are not subject to the same excise taxes as highway vehicle tires.
Example 2: A retailer sells laminated tires that are specifically designed for use in non-highway applications, ensuring compliance with federal tax regulations.
The primary regulation governing laminated tires is found in Title 26 of the Code of Federal Regulations, specifically 26 CFR 48.4072-1. This regulation outlines the definitions and tax implications for various types of tires, including laminated tires.
| Term | Description | Key Differences |
|---|---|---|
| Laminated Tires | Tires made from scrap rubber and not for highway use. | Not subject to highway vehicle regulations. |
| Highway Vehicle Tires | Tires designed for use on motor vehicles that operate on highways. | Subject to different tax regulations and standards. |
| Bicycle Tires | Tires specifically designed for bicycles. | Included in the category of "other tires," not classified as highway vehicle tires. |
If you are involved in the manufacturing or sale of laminated tires, ensure you understand the tax implications and compliance requirements. Consider using US Legal Forms' templates to help manage your tax obligations effectively. If your situation is complex, consulting a legal professional may be advisable.
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Laminated tires are tires made entirely from scrap rubber and are not designed for use on highway vehicles.