Sporting Goods Excise Tax Modernization Act

Hozzl · 2025-03-15T08:06:31Z

Explore the details of House Bill 1494 Sporting Goods Excise Tax Modernization Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/15/2025, 8:06 AM

Summary of Bill HR 1494

Bill 119 hr 1494, also known as the Marketplace Provider Excise Tax Simplification Act, aims to amend the Internal Revenue Code of 1986 in order to classify certain marketplace providers as importers for the purpose of the excise tax on sporting goods. This bill specifically targets online marketplace platforms that facilitate the sale of sporting goods.

The bill seeks to simplify the tax process by treating these marketplace providers as the importers of the sporting goods, rather than the individual sellers. This would streamline the tax collection process and ensure that the appropriate excise tax is paid on these goods.

By classifying marketplace providers as importers, the bill aims to ensure that all sporting goods sold through these platforms are subject to the excise tax, regardless of the seller. This would help to level the playing field for brick-and-mortar sporting goods retailers who are already subject to the excise tax. Overall, the Marketplace Provider Excise Tax Simplification Act is designed to modernize the tax code and ensure that all sporting goods sold through online marketplaces are subject to the same tax regulations as those sold through traditional retailers.

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Current Status of Bill HR 1494

Bill HR 1494 is currently in the status of Bill Introduced since February 21, 2025. Bill HR 1494 was introduced during Congress 119 and was introduced to the House on February 21, 2025. Bill HR 1494's most recent activity was Referred to the House Committee on Ways and Means. as of February 21, 2025

Bipartisan Support of Bill HR 1494

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Policy Area and Potential Impact of Bill HR 1494

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Alternate Title(s) of Bill HR 1494

To amend the Internal Revenue Code of 1986 to treat certain marketplace providers as importers for purposes of the excise tax on sporting goods.To amend the Internal Revenue Code of 1986 to treat certain marketplace providers as importers for purposes of the excise tax on sporting goods.

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