[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3055 Introduced in Senate (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.


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                   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

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                                 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) 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.
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