by Calculated Risk on 10/01/2008 10:29:00 PM

The bailout bill has a number of unrelated provisions. This one caught my eye earlier today: SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.

Bloomberg has the details: Bailout Bull's-Eye for Kids' Arrow-Makers' Tax Break

Senators attached a provision repealing a 39-cent excise tax on wooden arrows designed for children to an historic $700 billion bank rescue that is likely to pass tonight. The provision, originally proposed by Oregon senators Ron Wyden and Gordon Smith, will save manufacturers such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a year.

My understanding is the bailout bill was attached to another bill for procedural reasons, and that that other bill had all the weird provisions (Senators weren't trying to add them to the bailout bill specifically). Oh well ... now you know.