{"data":{"id":"us/27-cfr-53.103","jurisdiction":"us","citation":"27 CFR 53.103","heading":"Lease considered as sale.","body":"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.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-27.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"5bb06921ccfea32584c6ffb5aef87bc7861252ba4610601a420fcfc57b0d607e","source_id":"us-cfr","stale":true,"prev":"us/27-cfr-53.102","next":"us/27-cfr-53.104"},"notice":"GroundRules: Original legal text. Not legal advice."}