CONGRESS FOR VOTERS

DemocratBill · H.R. 1494· House(119-HR-1494)

Sporting Goods Excise Tax Modernization Act

Rep. Panetta
Age: 57 years
California
Introduced
2/21/2025
Last activity
2/21/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Jimmy Panetta
Cosponsors
Democrat - 8Republican - 16
Taxation
  1. Introduced
  2. In Committee

What this bill would do

The Sporting Goods Excise Tax Modernization Act aims to amend the Internal Revenue Code of 1986. It focuses on changing how certain marketplace providers are treated regarding the excise tax on sporting goods. Specifically, the bill would treat these providers as both the importer and the seller for specific types of sales. These sales involve articles transported to the United States from outside the country where the provider facilitates the listing and collects receipts. The changes would apply to sales occurring in calendar quarters starting after 60 days following the Act's enactment.

Yes

  • Does this raise the taxes companies pay?+5

    The bill imposes new excise tax obligations on marketplace providers by treating them as the importer and seller of taxable sporting goods.

  • Does this make the government pay for what it commits to?+2

    The bill clarifies tax liability for marketplace providers to ensure the collection of existing excise taxes on imported sporting goods.

The opposite

  • Would business owners be better off under this?-5

    Marketplace providers will face increased administrative and financial burdens due to being treated as importers and sellers.