Bill summaries are authored by CRS.

Shown Here:
Passed House without amendment (12/08/2003)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Archery Revenue Reform and Opportunity for Workers Act - Amends the Internal Revenue Code to revise provisions taxing bows and arrows by: (1) imposing on the sale by the manufacturer, producer, or importer of any bow which has a peak draw weight (currently, draw weight) of 30 (currently, 10) pounds or more, a tax equal to 11 percent of the sale price; (2) imposing on the sale by the manufacturer, producer, or importer of any part or accessory suitable for inclusion in or attachment to any such bow, and of any quiver or broadhead (currently, quiver) suitable for use with arrows described in clause three, a tax equal to 11 percent of the sale price; (3) maintaining the current provisions applicable to arrows; and (4) adding provisions which impose on the sale by the manufacturer, producer, or importer of any arrow (a shaft described in clause three to which additional components are attached), a tax equal to 12 percent of the sale price, subject to exception.