HR 5394 108th Congress

To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components.

Latest Action

Became Public Law No: 108-493.

Congress.gov

Sponsors

Rep. Ryan, Paul [R-WI-1]

Rep. Ryan, Paul [R-WI-1]

R — WI

Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Repeals provisions enacted by the American Jobs Creation Act of 2004 relating to the excise tax on arrows. Amends the Internal Revenue Code to revise the excise tax on arrows, effective after March 31, 2005, to: (1) impose a tax equal to 39 cents per arrow shaft on the first sale of such shaft (instead of a 12.4 percent tax on the sales price), with inflation adjustments on such 39-cent amount after 2005; and (2) include points suitable for use with arrows in the 11 percent excise tax on arrow parts and accessories.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Repeals provisions enacted by the American Jobs Creation Act of 2004 relating to the excise tax on arrows. Amends the Internal Revenue Code to revise the excise tax on arrows, effective after March 31, 2005, to: (1) impose a tax equal to 39 cents per arrow shaft on the first sale of such shaft (instead of a 12.4 percent tax on the sales price), with inflation adjustments on such 39-cent amount after 2005; and (2) include points suitable for use with arrows in the 11 percent excise tax on arrow parts and accessories.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Repeals provisions enacted by the American Jobs Creation Act of 2004 relating to the excise tax on arrows. Amends the Internal Revenue Code to revise the excise tax on arrows, effective after March 31, 2005, to: (1) impose a tax equal to 39 cents per arrow shaft on the first sale of such shaft (instead of a 12.4 percent tax on the sales price), with inflation adjustments on such 39-cent amount after 2005; and (2) include points suitable for use with arrows in the 11 percent excise tax on arrow parts and accessories.
Repeals provisions enacted by the American Jobs Creation Act of 2004 relating to the excise tax on arrows. Amends the Internal Revenue Code to revise the excise tax on arrows, effective after March 31, 2005, to: (1) impose a tax equal to 39 cents per arrow shaft on the first sale of such shaft (instead of a 12.4 percent tax on the sales price), with inflation adjustments on such 39-cent amount after 2005; and (2) include points suitable for use with arrows in the 11 percent excise tax on arrow parts and accessories.

Actions

2004-12-23T00:00:00

Became Public Law No: 108-493.

2004-12-23T00:00:00

Became Public Law No: 108-493.

2004-12-23T00:00:00

Signed by President.

2004-12-23T00:00:00

Signed by President.

2004-12-16T00:00:00

Presented to President.

2004-12-16T00:00:00

Presented to President.

2004-12-09T00:00:00

Message on Senate action sent to the House.

2004-12-08T00:00:00

Passed Senate without amendment by Unanimous Consent. (consideration: CR S12029)

2004-12-08T00:00:00

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S12029)

2004-12-07T00:00:00

Received in the Senate.

2004-12-06T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2004-12-06T00:00:00

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H10916)

2004-12-06T00:00:00

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H10916)

2004-12-06T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 5394.

2004-12-06T00:00:00

Considered under suspension of the rules. (consideration: CR H10915-10917)

2004-12-06T00:00:00

Mr. Ryan (WI) moved to suspend the rules and pass the bill.

2004-11-19T00:00:00

Referred to the House Committee on Ways and Means.

2004-11-19T00:00:00

Introduced in House

2004-11-19T00:00:00

Introduced in House

Policy Areas

Taxation

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