26 U.S.C. § 4161: Imposition of tax

There is hereby imposed on the sale of any article of sport fishing equipment by the manufacturer, producer, or importer a tax equal to 10 percent of the price for which so sold. The tax imposed by subparagraph (A) on any fishing rod or pole shall not exceed $10. In the case of an electric outboard motor, paragraph (1) shall be applied by substituting “3 percent” for “10 percent”. In the case of fishing tackle boxes, paragraph (1) shall be applied by substituting “3 percent” for “10 percent”. In the case of any sale by the manufacturer, producer, or importer of any article of sport fishing equipment, such article shall be treated as including any parts or accessories of such article sold on or in connection therewith or with the sale thereof. There is hereby imposed on the sale by the manufacturer, producer, or importer of any bow which has a peak draw weight of 30 pounds or more, a tax equal to 11 percent of the price for which so sold. of any part or accessory suitable for inclusion in or attachment to a bow described in subparagraph (A), and of any quiver, broadhead, or point suitable for use with an arrow described in paragraph (2), measures 18 inches overall or more in length, or measures less than 18 inches overall in length but is suitable for use with a bow described in paragraph (1)(A), measures 5 ⁄ 16 of an inch or less in diameter, and is not suitable for use with a bow described in paragraph (1)(A). such amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for such calendar year, determined by substituting “2004” for “2016” in subparagraph (A)(ii) thereof. If any increase determined under clause (i) is not a multiple of 1 cent, such increase shall be rounded to the nearest multiple of 1 cent. No tax shall be imposed under this subsection with respect to any article taxable under subsection (a). Except as otherwise provided in this subsection, the amendments made by titles I and II of this Act [enacting sections 4094 and 6424 of this title, amending this section and sections 4055, 4057, 4061, 4091, 4216, 4218, 4221, 4222, 4227, 6011, 6206, 6412, 6416, 6675, 7210, 7603, 7604, and 7605 of this title, repealing sections 4001 to 4003, 4011 to 4013, 4021, 4022, 4031, 4051 to 4053, 4111, 4121, 4131, 4141 to 4143, 4151, 4171 to 4173, 4191, 4192, 4201, 4211, and 4224 of this title, and amending provisions set out as a note under section 120 of Title 23 , Highways] shall apply with respect to articles sold on or after the day after the date of the enactment of this Act [ June 21, 1965 ]. The amendments made by sections 201(b)(2) [amending section 4061 of this title ] (relating to automobile parts and accessories) and 202(a) [amending section 4091 of this title ] (relating to lubricating oil) shall apply with respect to articles sold on or after January 1, 1966 . The amendments made by section 202(b) [enacting section 6424 of this title ] and (c) [enacting section 4094 and amending sections 6206, 6675, 7210, 7603, 7604, and 7605 of this title] (relating to payments with respect to lubricating oil) shall take effect January 1, 1966 . The amendments made by section 203 [repealing sections 4111, 4121, and 4131 of this title], insofar as they relate to the tax imposed by section 4131 (relating to electric light bulbs) of the Code, and the amendments made by section 208 [amending sections 4216, 4218, 4221, 4222, and 4227], insofar as they relate to the tax imposed by section 4061(b) (relating to automotive parts and accessories), section 4091 (relating to lubricating oil), or section 4131 (relating to electric light bulbs) of the Code, shall apply with respect to articles sold on or after January 1, 1966 . The amendments made by section 207 [amending sections 4216 and 6416 of this title] (relating to partial payments; sales of installment accounts) and 209(a) [amending section 6412 of this title ] (relating to floor stocks refunds on passenger automobiles, etc.) shall take effect on the day after the date of the enactment of this Act [ June 21, 1965 ]. The amendments made by section 210 [amending provisions set out as a note under section 120 of Title 23 , Highways] (relating to Highway Trust Fund) shall take effect January 1, 1966 . a lease, a contract for the sale of an article where it is provided that the price shall be paid by installments and title to the article sold does not pass until a future date notwithstanding partial payment by installments, a conditional sale, or a chattel mortgage arrangement wherein it is provided that the sale price shall be paid in installments, For purposes of applying section 4218(a) of the Code with respect to the use of an electric light bulb or tube by the manufacturer, producer, or importer thereof, and for purposes of applying section 4221(d)(6)(A) of the Code with respect to the sale of an electric light bulb or tube for use in further manufacture, an article which was taxable under chapter 32 of the Code on the date of the enactment of this Act [ June 21, 1965 ] shall, during the period beginning with the day after the date of the enactment of this Act through December 31, 1965 , be treated as an article taxable under such chapter.”