Volume 86 · 1173
Public Law 92–558
To provide additional funds for certain wildlife restoration projects, and for other purposes.
Approved October 25, 1972
Statutory text
AN ACT
To provide additional funds for certain wildlife restoration projects, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
TITLE I— WILDLIFE RESTORATION FUND
Sec. 101.
The first sentence of section 3 of the Federal Aid in
Wildlife Restoration Act of September 2, 1937 (16 U.S.C. 669b), is amended to read as follows: “An amount equal to all revenues accruing each fiscal year (beginning with the fiscal year 1975) from any tax imposed on specified articles by sections 4161(b) and 4181 of the
Post, p. 1173.
Internal Revenue Code of 1954 (26 U.S.C. 4161(b), 4181) shall, subject to the exemptions in section 4182 of such Code, be covered into the Federal aid to wildlife restoration fund in the Treasury (hereinafter referred to as the ‘fund’) and is authorized to be appropriated and made available until expended to carry out the purposes of this Act.”
That part of section 4(b) of such Act of September 2, 1937 (16 U.S.C. 669c-(b)), which precedes the proviso is amended to read as follows: “One-half of the revenues accruing to the fund under this Act each fiscal year (beginning with the fiscal year 1975) from any tax imposed on pistols, revolvers, bows, and arrows shall be apportioned among the States in proportion to the ratio that the population of each State bears to the population of all the States:”.
The amendments made by subsections (a) and (b) of this section shall take effect July 1, 1974.
Sec. 102.
Section 8(b) of the Federal Aid in Wildlife Restoration Act of September 2, 1937 (16 U.S.C. 669g-(b)), is amended by
striking out “outdoor” each place it appears therein.
The amendments made by subsection (a) of this section shall
Effective date.
take effect on the date of the enactment of this Act.
TITLE II— TAX ON SALE OF BOAVS AND ARROWS
Sec. 201.
Section 4161 of the Internal Revenue Code of 1954
(relating to the imposition of tax on the sale of certain articles) is amended—
by striking out “There is” and inserting in lieu thereof the following:
“(a) Rods, Creels, Etc.—
There is”;
and
by adding at the end thereof the following new subsection:
“(b) Bows and Arrows, Etc.—
“(1) Bows and arrows.—
There is hereby imposed upon the sale by the manufacturer, producer, or importer—
“(A) of any bow which has a draw weight of 10 pounds or more, and
“(B) of any arrow which measures 18 inches overall or more in length, a tax equivalent to 11 percent of the price for which so sold.
“(2) Parts and accessories.—
There is hereby imposed upon the sale by the manufacturer, producer, or importer—
“(A) of any part or accessory (other than a fishing reel) suitable for inclusion in or attachment to a bow or arrow described in paragraph (1), and
“(B) of any quiver suitable for use with arrows described hi paragraph (1), a tax equivalent to 11 percent of the price for which so sold.”
The amendments made by subsection (a) of this section shall
Effective date.
apply with respect to articles sold by the manufacturer, producer, or importer thereof on or after July 1, 1974.
Approved October 25, 1972.