ECFirearmsParticipantMarch 14, 2018 at 12:32 pmPost count: 1365
This should get the gun owners riled up, maybe even get the hunters engaged.
H.R.5103 â€” 115th Congress (2017-2018)
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.
“Second Amendment – Either you are helping pull the wagon, getting a free ride in the wagon, or trying to take away the wagon. Which one are you?” -- IAShooterskenhumpParticipantMarch 14, 2018 at 12:52 pmPost count: 12769CRIA1576ParticipantMarch 14, 2018 at 3:16 pmPost count: 589
I don’t think a 50% excise tax increase on ammo is going to pass muster in this country. However, thank you for sharing and I will continue writing elected officials.
I noticed that CCI is now selling all copper .22lr rounds. I wouldn’t be surprised to see another shot at banning all lead ammo come down the pike soon.AnonymousMarch 14, 2018 at 3:48 pmPost count: 2517
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