Arrow Excise Tax Clarification Act of 1999

Arrow Excise Tax Clarification Act of 1999 - Amends the Internal Revenue Code with respect to the excise tax on arrows to: (1) include among taxable components any article used to attach a point and shaft; (2) provide a reduced rate for certain hunting and fishing points; (3) impose a tax on imported arrows; (4) define "taxable arrow"; and (5) provide for tax-free sales by component purchasers to governments or tax-exempt entities.