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H.R. 2001 (107th): Arrow Excise Tax Simplification Act of 2001

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The text of the bill below is as of May 24, 2001 (Introduced). The bill was not enacted into law.

HR 2001 IH

107th CONGRESS

1st Session

H. R. 2001

To amend the Internal Revenue Code of 1986 to simplify the application of the excise tax imposed on bows and arrows.

IN THE HOUSE OF REPRESENTATIVES

May 24, 2001

Mr. BARCIA (for himself, Mr. HUNTER, Mr. CAMP, Mrs. THURMAN, Mr. RYAN of Wisconsin, Mr. TANNER, Mr. SHAW, Mr. COLLINS, Mr. RAMSTAD, Mr. FOLEY, Mr. MCINNIS, Mr. WATKINS, Ms. DUNN of Washington, Mr. ISAKSON, Mr. DICKS, Mr. CANNON, Mr. JOHN, Mr. CUNNINGHAM, Mr. MORAN of Kansas, Mr. SMITH of Texas, Mr. BOSWELL, Mr. ROGERS of Michigan, Mr. REHBERG, and Mr. PETERSON of Minnesota) 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 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 2001’.

SEC. 2. SIMPLIFICATION OF EXCISE TAX IMPOSED ON BOWS AND ARROWS.

    (a) IN GENERAL- Paragraphs (1) and (2) of section 4161(b) of the Internal Revenue Code of 1986 (relating to bows and arrows, etc.) are amended to read as follows:

      ‘(1) BOWS- There is hereby imposed on the sale by the manufacturer, producer, or importer of any compound bow or crossbow which has a draw weight of 30 pounds or more, and any recurve or long bow which has a draw weight of 30 pounds or more measured at a draw length of 28 inches, a tax equal to 11 percent of the price for which so sold.

      ‘(2) ARROWS-

        ‘(A) IN GENERAL- There is hereby imposed on the sale by the manufacturer, producer, or importer--

          ‘(i) of any arrow shaft, a tax equal to 11 percent of the price for which so sold, and

          ‘(ii) of any arrow, a tax equal to 10 percent of the price for which so sold.

        The tax imposed by clause (ii) on an arrow shall not apply if the arrow contains an arrow shaft subject to the tax imposed by clause (i).

        ‘(B) ARROW SHAFT- For purposes of this paragraph, the term ‘arrow shaft’ means any arrow shaft--

          ‘(i) which measures 16 inches overall or more in length, or

          ‘(ii) which measures less than 16 inches overall in length but is suitable for use with a bow described in paragraph (1).

        ‘(C) ARROW- For purposes of this paragraph, the term ‘arrow’ means any arrow shaft to which additional components are attached.’.

    (b) EFFECTIVE DATE- The amendment made by this section shall apply to articles sold by the manufacturer, producer, or importer after December 31, 2001.