Sporting Goods Excise Tax Modernization Act
Sporting Goods Excise Tax Modernization Act
Plain Language Summary
# Sporting Goods Excise Tax Modernization Act (S 1649) Summary This bill would modernize the federal excise tax on sporting goods, which is a tax applied to the sale of certain hunting, fishing, and archery equipment. Currently, the tax raises money that goes toward wildlife conservation and outdoor recreation programs. The bill aims to update how this tax is structured and applied, though the specific details of the proposed changes are not detailed in the available information. The bill would primarily affect manufacturers and retailers of sporting goods, as well as hunters, fishermen, and outdoor enthusiasts who purchase these items.
It could also impact state fish and wildlife agencies and conservation programs that rely on the revenue generated from these excise taxes. **Current Status:** As of now, the bill is in committee, meaning it has been introduced in the Senate but has not yet been debated or voted on by the full chamber. It was sponsored by Senator Tommy Tuberville (R-AL).
Latest Action
Read twice and referred to the Committee on Finance.