[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3331 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3331

To amend the Internal Revenue Code of 1986 to require that the payment 
  of the manufacturers' excise tax on recreational equipment be paid 
                               quarterly.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                July 24 (legislative day, July 23), 2008

 Mr. Baucus (for himself and Mr. Crapo) 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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Firearms Fairness and Affordability 
Act''.

SEC. 2. TIME FOR PAYMENT OF MANUFACTURERS' EXCISE TAX ON RECREATIONAL 
              EQUIPMENT.

    (a) 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:
    ``(d) 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.''.
    (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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