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S 3055 IS
110th CONGRESS
2d Session
S. 3055
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.
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 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) Effective Date- The amendments made by this section shall apply to shafts first sold after the date of enactment of this Act.
U.S. Congress - Text of S.3055 as Introduced in Senate A bill to amend the Internal Revenue Code of 1986 to modify the rate of the excise tax ...
