S. 3055Senate110th Congress (2007-2009)In Committee

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

Sponsored by Ron WydenSen. Ron Wyden (D-OR)
Introduced May 22, 2008

Legislative Activity

Stay on top of the latest movement without scrolling through every action

2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4797)

May 22, 2008

View full timeline
SenateIntro Referral

Introduced in Senate

May 22, 2008

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S4797)

May 22, 2008

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4797)

May 22, 2008

Floor Debate

9 members

What members said about S. 3055 on the floor

6 Republicans3 Democrats
Susan M. Collins
Sen. Susan M. CollinsR-ME · May 22, 2008

Mr. President, I rise today to introduce the Commercial Truck Fuel Savings Demonstration Act of 2008, which would help address the growing crisis of energy costs for our Nation's trucking industry.…

Wayne Allard
Sen. Wayne AllardR-CO · May 22, 2008

Mr. President, this weekend is the unofficial beginning of summer and the start of the summer driving season. This is as oil hits $135 per barrel and more and more cities and towns all over the…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · May 22, 2008

Mr. President, I rise today to commend my colleague from Maine, Senator Collins, in introducing legislation critical to rectifying not only a serious impediment to the movement of international…

Joseph R. Biden Jr.
Sen. Joseph R. Biden Jr.D-DE · May 22, 2008

Mr. President, today, Senator Lugar and I are introducing the Naval Vessel Transfer Act of 2008, a bill to permit the transfer of certain U.S. Navy vessels to particular foreign countries. All of the…

John Barrasso
Sen. John BarrassoR-WY · May 22, 2008

Mr. President, today I am introducing legislation to address the reality of the needs of species and the global nature of climate change. Recently, the U.S. Fish and Wildlife Service decided to list…

Show 5 more
John Cornyn
Sen. John CornynR-TX · May 22, 2008

Mr. President, the right to participate in democratic elections and vote for candidates of your choice is fundamental to the American experience. That right to vote is safeguarded by our men and…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · May 22, 2008

Mr. President, on behalf of Senator Cantwell, I introduce a bill to provide grants to Area Agencies on Aging to provide services to improve financial literacy among older individuals. A number of…

Blanche L. Lincoln
Sen. Blanche L. LincolnD-AR · May 22, 2008

Mr. President, I am very pleased to rise today to introduce the S Corporation Modernization Act of 2008 with my good friend, Senator Orrin Hatch. I also want to say a special thanks to our…

Ron Wyden
Sen. Ron WydenD-OR · May 22, 2008

Mr. President, today, along with Senator Smith, I am introducing a bill to exempt wooden practice arrows from the unfair impact of an excise tax designed for much more expensive hunter and…

Ron Wyden
Sen. Ron WydenD-OR · May 22, 2008

Mr. President, today, along with Senator Smith, I am introducing a bill to exempt wooden practice arrows from the unfair impact of an excise tax designed for much more expensive hunter and…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued May 22, 2008

II

110th CONGRESS

2d Session

S. 3055

IN THE SENATE OF THE UNITED STATES

May 22, 2008

Mr. Wyden (for himself and Mr. Smith) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

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

1.

Modification of rate of excise tax on certain wooden 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 wooden arrow shafts

Subparagraph (A) shall not apply to any shaft consisting of 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—

(i)

measures 5/16 of an inch or less in diameter, and

(ii)

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.