[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 418 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 418

 To amend the Internal Revenue Code of 1986 to repeal the excise taxes 
                            on luxury items.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

  Mr. Tauzin 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 repeal the excise taxes 
                            on luxury items.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF LUXURY EXCISE TAXES.

    (a) In General.--Subchapter A of chapter 31 of the Internal Revenue 
Code of 1986 (relating to certain luxury items) is hereby repealed.
    (b) Technical Amendments.--
            (1) The material preceding paragraph (1) of section 4221(a) 
        of such Code is amended by striking ``subchapter A or C'' and 
        inserting ``subchapter C''.
            (2) Subsection (a) of section 4221 of such Code is amended 
        by striking the last sentence.
            (3) Subsection (c) of section 4221 of such Code is amended 
        by striking ``section 4001(c), 4002(b), 4003(c) 4004(a), or 
        4053(a)(6)'' and inserting ``section 4053(a)(6)''.
            (4) Paragraph (1) of section 4221(d) of such Code is 
        amended by striking ``subchapter A or C'' and inserting 
        ``subchapter C''.
            (5) Subsection (d) of section 4222 of such Code is amended 
        by striking ``section 4001(c), 4002(b), 4003(c) 4004(a), 
        4053(a)(6)'' and inserting ``section 4053(a)(6)''.
            (6) Section 4293 of such Code is amended by striking 
        ``subchapter A of chapter 31,''.
            (7) The table of subchapters for chapter 31 of such Code is 
        amended by striking the item relating to subchapter A.
    (c) Effective Date.--The amendments made by this section shall take 
effect on January 1, 1993.

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