H.R. 6564 – To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax…

110th CONGRESS

2d Session

H. R. 6564

IN THE HOUSE OF REPRESENTATIVES

July 22, 2008

Mr. Kind (for himself and Mr. Ryan of Wisconsin) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on certain arrows designed for use by children.

Modification of rate of excise tax on certain arrows designed for use by children

(a)

In general

Paragraph (2) of section 4161(b) of the Internal Revenue Code of 1986 (relating to arrows) is amended by redesignating subparagraph (B) as subparagraph (C) and by inserting after subparagraph (A) the following new subparagraph:

(B)

Exemption for certain arrow shafts

Subparagraph (A) shall not apply to any shaft measuring 5/16 of an inch or less in diameter and consisting of either—

(i)

all fiberglass and hollow, or

(ii)

all natural wood,

with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly is not suitable for use with a bow described in paragraph (1)(A).

(b)

Effective date

The amendments made by this section shall apply to shafts first sold after the date of enactment of this Act.

To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on certain arrows designed for use by children.

Legislative Activity

Bill Text