regarding bailout package, section 503
Oct. 3rd, 2008 02:04 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
leftyjewCoworker: I hate it when Big Archery has an effect on legislation.
SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN. (a) In General.--Paragraph (2) of section 4161(b) 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).''
SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN. (a) In General.--Paragraph (2) of section 4161(b) 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).''
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Date: 2008-10-05 10:50 pm (UTC)no subject
Date: 2008-10-07 08:54 pm (UTC)