http://banking.senate.gov/public/_fi...O08C32_xml.pdf
-Extension of economic development credit to American Samoa (page 279)
-Rum excise tax to Puerto Rico and the Virgin Islands (page 279)
-Motorsports racing track facility (page 290)
-Wool modifications (page 295)
-Children and wooden arrows (page 300) (See following sample)
SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
(a) IN GENERAL.-Paragraph of section 4161(b) 24 is amended by redesignating subparagraph (B) as sub301 paragraph (C) and by inserting after subparagraph (A) the following new subparagraph:
''(B) EXEMPTION FOR CERTAIN WOODEN ARROW SHAFTS.-Subparagraph (A) shall not apply to any shaft consisting of all natural
wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly-
''(i) measures 5/16 of an inch or less in
diameter, and ''(ii) is not suitable for use with a bow described in paragraph (1)(A).''
(b) EFFECTIVE DATE.-The amendments made by this section shall apply to shafts first sold after the date of enactment of this Act.
Threaded Mode
