Floor stocks.

Floor stocks. The term floor stocks means any article subject to the tax imposed by section 4071 or section 4081 which
(1) Is sold by the manufacturer (otherwise than in a tax-free sale) before October 1, 1988,
(2) Is held by a dealer at the first moment on October 1, 1988, and has not been used, and
(3) Is intended for sale.

Source

26 CFR § 48.6412-2


Scoping language

None
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