To amend the Internal Revenue Code of 1986 to require that the payment of the manufacturers' excise tax on recreational equipment be paid quarterly and to provide for the assessment by the Secretary of the Treasury of certain criminal restitution.
(This measure has not been amended since it was passed by the House on June 29, 2010. The summary of that version is repeated here.)
Firearms Excise Tax Improvement Act of 2010 - Amends the Internal Revenue Code to require: (1) excise taxes on recreational equipment to be due and payable on the date for filing the return for such taxes (i.e., quarterly); and (2) the Secretary of the Treasury to assess and collect, in the same manner as delinquent taxes are assessed and collected, mandatory orders of restitution for victims of crime.
Increases by 0.25% in the third quarter of 2015 the estimated tax payments of corporations with assets of not less than $1 billion.
Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.
Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3376)
Mr. Kind moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H4934-4936)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5552.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H4943-4944)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 412 - 6 (Roll no. 400).(text: CR H4934)
Roll Call #400 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 412 - 6 (Roll no. 400). (text: CR H4934)
Roll Call #400 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Enacted as Public Law 111-237
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Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 456.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S6975)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S6975)
Cleared for White House.
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 111-237.
Became Public Law No: 111-237.