HR 1494119th CongressIn Committee

Sporting Goods Excise Tax Modernization Act

Introduced: Feb 21, 2025

Sponsor: Rep. Panetta, Jimmy [D-CA-19] (D-California)

Standard Summary

Comprehensive overview in 1-2 paragraphs

H.R. 1494 amends the Internal Revenue Code to treat certain marketplace providers as importers for the sporting goods excise tax, defining specified marketplace sales and requiring regulation.

Key Points

1Marketplace providers are treated as importers for sporting goods excise tax.
2Definition of specified marketplace sale includes transportation from abroad and provider not being the manufacturer.
3Marketplace provider defined as hosting or facilitating listings and collecting receipts.
4Regulatory guidance to be issued by the Secretary.
5Effective date: sales in calendar quarters after 60 days from enactment.

Impact Areas

Marketplace providers (e.g., Amazon, eBay)Sporting goods sellers and manufacturersIRS tax enforcementConsumers of sporting goods

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