H.R.5103 – 115th Congress (2017-2018): Gun Violence Prevention and Safe Communities Act of 2018

SEC. 2. Increase in excise taxes relating to firearms.

(a) In general.—Section 4181 of the Internal Revenue Code of 1986 is amended to read as follows:

“SEC. 4181. Imposition of tax.

“There is hereby imposed upon the sale by the manufacturer, producer, or importer of the following articles a tax equivalent to the specified percent of the price for which so sold:

“(1) Articles taxable at 20 percent:

“(A) Pistols.

“(B) Revolvers.

“(C) Firearms (other than pistols and revolvers).

“(D) Any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.

“(2) Articles taxable at 50 percent: Shells and cartridges.”.

Text for H.R.5103 – 115th Congress (2017-2018): Gun Violence Prevention and Safe Communities Act of 2018

Source: Text – H.R.5103 – 115th Congress (2017-2018): Gun Violence Prevention and Safe Communities Act of 2018 | Congress.gov | Library of Congress

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