A bill to reduce temporarily the duty on certain articles of natural cork.
Last action on May 6, 2003Read twice and referred to the Committee on Finance.
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Summary
This bill proposes a temporary reduction in the taxes (duties) paid on imported goods made of natural cork through December 31, 2006. By lowering these import costs, the legislation aims to make raw cork materials and finished cork products more affordable for American businesses and consumers. If passed, this change could lead to lower prices for items such as wine stoppers, flooring, and insulation materials that rely on natural cork.
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