Bye Bye Banks and Wall Street

[BarTopDancer]

Originally Posted by Ghoulish Delight

They're arrows, made of wood, designed for use by children.

And it's not a subsidy, it's a repeal of an excise tax.

And said tax only effects wooden arrows made for children?

[Ghoulish Delight]

Originally Posted by BarTopDancer

And said tax only effects wooden arrows made for children?

Yes.

[bewitched]

Originally Posted by BarTopDancer

And said tax only effects wooden arrows made for children?

Originally Posted by Ghoulish Delight

Yes.

Actually, it's a tax on all arrows. Children's wooden practice arrows were taxed like all other arrows at a rate of $.39 per. The wooden arrows themselves only cost $.30 to make. The tax was not intended to include the wooden arrows hence the original bill exempting wooden arrows. This addition to the legislation extended that exemption.



eta: Oops. Should've read further down since obviously Alex already answered this.