Sec. 803. Increase in excise taxes relating to firearms
349 words·~2 min read·
/bill/116/s/3254/is/section-803A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 4181 of the Internal Revenue Code of 1986 is amended to read as follows: 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: Articles taxable at 30 percent: Pistols. Revolvers. Firearms (other than pistols and revolvers). Any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers. Articles taxable at 50 percent: Shells and cartridges. . Subsection
(b)of section 4182 of the Internal Revenue Code of 1986 is amended to read as follows: No firearms, pistols, revolvers, lower frame or receiver for a firearm, shells, and cartridges purchased with funds appropriated for any department, agency, or instrumentality of the United States shall be subject to any tax imposed on the sale or transfer of such articles. . The amendments made by this section shall apply with respect to sales after September 30, 2020. An amount equal to 39 percent of revenues accruing from any tax imposed on shells and cartridges by section 4181 of the Internal Revenue Code of 1986, shall, subject to the exemptions in section 4182 of such title, be covered into the Community Violence Intervention Fund in the Treasury (hereinafter referred to as the Fund ) and is authorized to be appropriated and made available until expended to carry out the purposes of paragraph (2). Amounts in the Fund established under paragraph
(1)shall be used by the Secretary of Health and Human Services to carry out the program established under section 399V–7 of the Public Health Service Act (as added by section 901 of this Act). Section 3(a)(1) of the Pittman-Robertson Wildlife Restoration Act ( 16 U.S.C. 669b(a)(1) ) is amended by inserting (other than 39 percent of the revenues accruing from the taxes imposed on shells and cartridges by section 4181 of such Code) after Internal Revenue Code of 1986 . The amendment made by this paragraph shall apply with respect to sales after September 30, 2020.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 803
Increase in excise taxes relating to firearms
Cites 1Cited by 0 across 0 sources