EXCISE TAXES IMPOSED BY THE REVENUE ACT OF 1941.

SEC. 301. EXCISE TAXES IMPOSED BY THE REVENUE ACT OF 1941. (a) Tax on Sporting Goods.—Section 3406 (a) (1) (relating to manufacturers’ excise tax on sporting goods) is hereby amended by striking out “15 per centum, except that on and after April 1, 1954, the rate shall be 10 per centum” (b) Tax on Photographic Apparatus.—Section 3406 (a) (4) (relating to manufacturers’ excise tax on photographic apparatus) is hereby amended by striking out “20 per centum” and inserting in lieu thereof “10 per centum”. (c) Tax on Electric Light Bulbs and Tubes.—Section 3406 (a) (10) (relating to manufacturers’ excise tax on electric light bulbs and tubes) is hereby amended to read as follows: “(10) Electric light bulbs and tubes.—Electric light bulbs and tubes, not including articles taxable under any other provision of this subchapter, 10 per centum.”