REDUCTION OF EXCISE TAX ON FISHING TACKLE BOXES.

SEC. 333. REDUCTION OF EXCISE TAX ON FISHING TACKLE BOXES.(a) In General.—Subsection (a) of section 4161 (relating to sport fishing equipment) is amended by redesignating paragraph (3) as paragraph (4) and by inserting after paragraph (2) the following new paragraph:“(3) 3 percent rate of tax for tackle boxes.—In the case of fishing tackle boxes, paragraph (1) shall be applied by substituting ‘3 percent’ for ‘10 percent’.”.(b) Effective Date.—The amendments made this section shall apply to articles sold by the manufacturer, producer, or importer after December 31, 2004.