HR 5394 · 108th Congress · Taxation
To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components.
Bill Progress
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EnactedLatest: Became Public Law No: 108-493.(2004-12-23)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 5394, An act to amend the Internal Revenue Code of 1986 to modify the taxation of arrow components
Dec 14, 2004<p>Estimate of direct spending and revenues effects for the bill as cleared by the Congress on December 8, 2004</p>
Full CBO report ↗H.R. 5394, An act to amend the Internal Revenue Code of 1986 to modify the taxation of arrow components
Dec 14, 2004Estimate of direct spending and revenues effects for the bill as cleared by the Congress on December 8, 2004
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office