Comments on: Senate passes financial bailout bill http://www.realitymirror.net/index.php/2008/10/01/senate-passes-financial-bailout-bill/ Opinions and stories on events as they happen in the News! Sun, 17 Jul 2011 16:57:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ben http://www.realitymirror.net/index.php/2008/10/01/senate-passes-financial-bailout-bill/comment-page-1/#comment-401 Ben Thu, 02 Oct 2008 16:03:34 +0000 http://www.jacquelinecady.com/?p=655#comment-401 From http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf : SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN. (a) IN GENERAL.—Paragraph (2) of section 4161(b) 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. From http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf :

SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
(a) IN GENERAL.—Paragraph (2) of section 4161(b) 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.

]]> By: Jackie http://www.realitymirror.net/index.php/2008/10/01/senate-passes-financial-bailout-bill/comment-page-1/#comment-400 Jackie Thu, 02 Oct 2008 15:16:56 +0000 http://www.jacquelinecady.com/?p=655#comment-400 200,000 was allocated to wooden arrows. That's not a joke. 200,000 was allocated to wooden arrows. That’s not a joke.

]]>