GroundRules
27 CFR 53.103: Lease considered as sale.
Where this section sits in the code
- 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
For purposes of chapter 32 of the Code, the lease of an article by a manufacturer, producer, or importer shall be considered a sale of the article. The term lease means a contract or agreement, written or verbal, which gives the lessee an exclusive, continuous right to the possession or use of a particular article for a period of time. The term includes any renewal or extension of a lease or any subsequent lease of the article.
Collected 2026-08-27T02:25:11Z. Source file · JSON