II
111th CONGRESS
1st Session
S. 632
IN THE SENATE OF THE UNITED STATES
March 18, 2009
Mr. Baucus (for himself, Mr. Crapo, Mrs. Lincoln, Ms. Snowe, Mr. Roberts, Mr. Enzi, and Mr. Ensign) 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 require that the payment of the manufacturers’ excise tax on recreational equipment be paid quarterly.
Short title
This Act may be cited as the
Firearms Fairness and Affordability
Act
.
Time for payment of manufacturers’ excise tax on recreational equipment
In general
Subsection (d) of section 6302 of the Internal Revenue Code of 1986 (relating to mode or time of collection) is amended to read as follows:
Time for payment of manufacturers’ excise tax on recreational equipment
The taxes imposed by subchapter D of chapter 32 of this title (relating to taxes on recreational equipment) shall be due and payable on the date for filing the return for such taxes.
.
Effective date
The amendment made by subsection (a) shall apply to articles sold by the manufacturer, producer, or importer after the date of the enactment of this Act.