108th CONGRESS
1st Session
S. 339
To amend the Internal Revenue Code of 1986 to simplify the application
of the excise tax imposed on bows and arrows.
IN THE SENATE OF THE UNITED STATES
February 11, 2003
Mr. BAUCUS (for himself, Mr. HATCH, Mr. MILLER, Mr. GRASSLEY, Mr. BAYH, and
Mr. LUGAR) 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 application
of the excise tax imposed on bows and arrows.
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 `Arrow Excise Tax Simplification Act of 2003'.
SEC. 2. SIMPLIFICATION OF EXCISE TAX IMPOSED ON BOWS AND ARROWS.
(a) BOWS- Section 4161(b)(1) of the Internal Revenue Code of 1986 (relating
to bows) is amended to read as follows:
`(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 30 pounds
or more, a tax equal to 11 percent of the price for which so sold.
`(B) ARCHERY EQUIPMENT- There is hereby imposed on 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 or broadhead suitable for use with an arrow described
in paragraph (3),
a tax equal to 11 percent of the price for which so sold.'.
(b) ARROWS- Section 4161(b) of the Internal Revenue Code of 1986 (relating
to bows and arrows, etc.) is amended by redesignating paragraph (3) as paragraph
(4) and inserting after paragraph (2) the following:
`(A) IN GENERAL- There is hereby imposed on the sale by the manufacturer,
producer, or importer of any arrow, a tax equal to 12 percent of the price
for which so sold.
`(B) EXCEPTION- The tax imposed by subparagraph (A) on an arrow shall
not apply if the arrow contains an arrow shaft subject to the tax imposed
by paragraph (2).
`(C) ARROW- For purposes of this paragraph, the term `arrow' means any
shaft described in paragraph (2) to which additional components are attached.'.
(c) CONFORMING AMENDMENT- The heading of section 4161(b)(2) of the Internal
Revenue Code of 1986 (relating to arrows) is amended by striking `ARROWS-
' and inserting `ARROW COMPONENTS- '.
(d) EFFECTIVE DATE- The amendments made by this section shall apply to articles
sold by the manufacturer, producer, or importer after December 31, 2003.
END
