[Code of Federal Regulations]
[Title 26, Volume 16]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR48.4161(b)-1]

[Page 143]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 48_MANUFACTURERS AND RETAILERS EXCISE TAXES--Table of Contents
 
                        Subpart K_Sporting Goods
 
Sec. 48.4161(b)-1  Imposition and rates of tax; bows and arrows.

    (a) Imposition of tax. Section 4161(b) imposes a tax on the sale of 
the following articles by the manufacturer, producer, or importer 
thereof:
    (1) Any bow that has a draw weight of 10 pounds or more;
    (2) Any arrow that measures 18 inches overall or more in length;
    (3) Any part or accessory (other than a fishing reel) suitable for 
inclusion in or attachment to a bow or arrow described in subparagraph 
(1) or (2) of this paragraph; and
    (4) Any quiver suitable for use with arrows described in 
subparagraph (2) of this paragraph.
    (b) Rate of tax. The tax is imposed on the sale of articles 
enumerated in section 4161(b) and paragraph (a) of this section at the 
rate of 11 percent of the price for which such articles are sold. For 
the definition of the term ``price'', see section 4216 and the 
regulations thereunder.
    (c) Liability for tax. (1) The tax imposed by section 4161(b) is 
payable by the manufacturer, producer, or importer making the sale. For 
determining who is the manufacturer, producer, or importer, see Sec. 
48.0-2(a)(4).

[T.D. 7328, 39 FR 36586, Oct. 11, 1974, as amended by T.D. 8043, 50 FR 
32014, Aug. 8, 1985]