(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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Mr. Ryan (WI) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H10915-10917)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5394.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H10916)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H10916)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S12029)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S12029)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 108-493.
Became Public Law No: 108-493.
Enacted as Public Law 108-493
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