Sec. 5. Teacher Victims’ Family fund
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Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following: There is established in the Treasury of the United States a trust fund to be known as the Teacher Victims’ Family Trust Fund (referred to in this section as the Trust Fund ), consisting of such amounts as may be appropriated or credited to the Trust Fund as provided in this section or section 9602(b). There is hereby appropriated to the Trust Fund an amount equivalent to the increase in revenues received in the Treasury by reason of the increase in tax imposed under section 4181 by the Teacher Victims’ Family Assistance Act of 2017 .
Amounts in the Trust Fund shall be available, as provided in appropriation Acts, to carry out section 3 of the Teacher Victims’ Family Assistance Act of 2017 . . Section 4181 of such Code is amended— by striking Shells, and cartridges. , and by adding at the end the following: Articles taxable at 13 percent— Shells, and cartridges. . Subsection
(a)of section 3 of the Pittman-Robertson Wildlife Restoration Act ( 16 U.S.C. 669b ) is amended by adding at the end the following new paragraph: Paragraph
(1)shall not apply to so much of the revenues accruing under section 4181 of the Internal Revenue Code of 1986 as are attributable to the increase in tax imposed under section 4181 by the Teacher Victims’ Family Assistance Act of 2017 . . The table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following: Sec. 9512. Teacher Victims’ Family Trust Fund. . Except as provided by paragraph (2), the amendments made by this section shall take effect on the date of the enactment of this Act. The amendment made by subsection
(b)shall apply to articles sold after the date of the enactment of this Act.
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Sec. 5
Teacher Victims’ Family fund
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