[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2287 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2287

 To amend the Internal Revenue Code of 1986 to simplify the assessment 
              and collection of the excise tax on arrows.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                July 14 (legislative day, July 11), 1994

   Mr. Hatch 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 simplify the assessment 
              and collection of the excise tax on arrows.

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

SECTION 1. SIMPLIFICATION OF IMPOSITION OF EXCISE TAX ON ARROWS.

    (a) In General.--Subsection (b) of section 4161 of the Internal 
Revenue Code of 1986 (relating to imposition of tax) is amended to read 
as follows:
    ``(b) Bows and Arrows, Etc.--
            ``(1) Bows.--
                    ``(A) In general.--There is hereby imposed on the 
                sale by the manufacturer, producer, or importer of any 
                bow which has a draw weight of 10 pounds or more, a tax 
                equal to 11 percent of the price for which so sold.
                    ``(B) Parts and accessories.--There is hereby 
                imposed upon the sale by the manufacturer, producer, or 
                importer--
                            ``(i) of any part or accessory suitable for 
                        inclusion in or attachment to a bow described 
                        in subparagraph (A), and
                            ``(ii) of any quiver suitable for use with 
                        arrows described in paragraph (2),
                a tax equivalent to 11 percent of the price for which 
                so sold.
            ``(2) Arrows.--There is hereby imposed on the sale by the 
        manufacturer, producer, or importer of any shaft, point, nock, 
        or vane of a type used in the manufacture of any arrow which 
        after its assembly--
                    ``(A) measures 18 inches overall or more in length, 
                or
                    ``(B) measures less than 18 inches overall in 
                length but is suitable for use with a bow described in 
                paragraph (1)(A),
        a tax equal to 11 percent of the price for which so sold.
            ``(3) Coordination with subsection (a).--No tax shall be 
        imposed under this subsection with respect to any article 
        taxable under subsection (a).''.
    (b) 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.
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