• We are now running on a new, and hopefully much-improved, server. In addition we are also on new forum software. Any move entails a lot of technical details and I suspect we will encounter a few issues as the new server goes live. Please be patient with us. It will be worth it! :) Please help by posting all issues here.
  • The forum will be down for about an hour this weekend for maintenance. I apologize for the inconvenience.
  • If you are having trouble seeing the forum then you may need to clear your browser's DNS cache. Click here for instructions on how to do that
  • Please review the Forum Rules frequently as we are constantly trying to improve the forum for our members and visitors.

HR 5103 aiming for our pocketbooks

solus

Regular Member
Joined
Aug 22, 2013
Messages
9,315
Location
here nc
Shown Here:
Introduced in House (02/27/2018)
Gun Violence Prevention and Safe Communities Act of 2018


This bill amends the Internal Revenue Code, with respect to the excise tax on the sale of firearms by manufacturers, producers, or importers, to: (1) increase the rate of such tax to 20% on pistols, revolvers, and other firearms and on any lower frame or receiver for a firearm; and (2) impose a 50% tax on shells and cartridges. The bill exempts any department, agency, or instrumentality of the United States from such tax.


The bill allocates revenues from the increased excise tax under this bill for law enforcement and public safety grant programs, including programs for research on gun violence and its prevention.


The bill: (1) increases the occupational tax on importers, manufacturers, and dealers in firearms and the transfer tax on firearms; and (2) modifies the definition of "firearm" for excise tax purposes to include a semiautomatic pistol chambered for cartridges and configured with receivers commonly associated with rifles and capable of accepting detachable magazines.

https://www.congress.gov/bill/115th-congress/house-bill/5103

fyi, currently the Pittman-Robertson Act, which derives its revenues from sportsmen through excise taxes on firearms, ammunition, and hunting equipment, imposes an 11% excise tax on long guns, ammunition and archery equipment, and a 10% excise tax on handguns. Revenue is deposited in a special trust fund under the management of the U.S. Fish and Wildlife Service to be used for state wildlife restoration projects. One-half of the tax revenue collected on handguns and archery equipment may be used by state fish and wildlife agencies for hunter safety training and range development. Since its establishment, Pittman-Robertson has collected nearly $7.2 billion to fund conservation efforts across the country.
source NRA ILA.

notice the new HR's tax increase goes for LE and anti gun research!
 

CJ4wd

Regular Member
Joined
Jun 22, 2017
Messages
353
Location
Planet Earth
IIRC, Bush 2 took the funds the CDC had been using for their slanted research away from them and the "dims" have trying to get it back for at least 15 years. Even "Dumbo" was unable to help them with that.
 

echofiveniner

Regular Member
Joined
Jan 7, 2018
Messages
49
Location
Texas
Will someone tell them this is classist? It will help keep guns out of the hands of people with lower incomes. Or maybe that's the point.
 
Top