H.R. 5103

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better2have&notneed
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H.R. 5103

Post by better2have&notneed » Mon Mar 12, 2018 2:20 pm

Just saw this...at work and no time to research it more.

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

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Rentprop1
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Re: H.R. 5103

Post by Rentprop1 » Mon Mar 12, 2018 2:51 pm

get ready for $ 500 NFA tax [-(
In the days of the old west a 6 shooter was as common as cell phones are today and just annoying if they go off in a theater.

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Re: H.R. 5103

Post by LastRites » Mon Mar 12, 2018 3:06 pm

And ammo that cost 50% more, tax about a tax hike.

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Re: H.R. 5103

Post by Jimmac » Mon Mar 12, 2018 3:50 pm

This is a Bill submitted by Danny Davis, a Chicago congressman, no one takes him seriously.
Don't expect it to go anywhere.
It's a beautiful day, watch some idiot come along to mess it up.
Alcohol, Tobacco and Firearms, add a bag of Doritos and we have a party.

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photohause
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Re: H.R. 5103

Post by photohause » Mon Mar 12, 2018 4:45 pm

I take everything seriously, until proven it is a dead end.
What new gun my dear, this old thing?

neverenoughguns
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Re: H.R. 5103

Post by neverenoughguns » Mon Mar 12, 2018 5:52 pm

Rentprop1 wrote:
Mon Mar 12, 2018 2:51 pm
get ready for $ 500 NFA tax [-(
That would take the fun out of buying a 300 .22lr can....

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Rentprop1
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Re: H.R. 5103

Post by Rentprop1 » Mon Mar 12, 2018 10:44 pm

neverenoughguns wrote:
Mon Mar 12, 2018 5:52 pm
Rentprop1 wrote:
Mon Mar 12, 2018 2:51 pm
get ready for $ 500 NFA tax [-(
That would take the fun out of buying a 300 .22lr can....
There is no joy in a $300 .22 can ....you're probably only gonna buy 1 in a lifetime why not buy a good one...
In the days of the old west a 6 shooter was as common as cell phones are today and just annoying if they go off in a theater.

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