03-17-2018, 04:06 PM
There is a bill in the very beginning stages of the U.S. House of Representatives that takes square aim at manufacturers, dealers and owners of National Firearms Act (NFA) controlled firearms.
The proposed legislation, H.R. 5103 increases firearms taxes and fees across the board and even includes a section that will continue to adjust them for inflation.
Among the increase in taxes on ammunition and firearms, and increases in SOT and FFL licensing and fees, H.R. 5103 raises the NFA tax to transfer silencers from $200 to $500.
"Increase In Transfer Tax On Firearms.
(1) IN GENERAL.Subsection (a) of section 5811 of the Internal Revenue Code of 1986 is amended
(A) by striking $200 and inserting $500; and
(B) by striking $5 and inserting $100."
The proposed legislation, H.R. 5103 increases firearms taxes and fees across the board and even includes a section that will continue to adjust them for inflation.
Among the increase in taxes on ammunition and firearms, and increases in SOT and FFL licensing and fees, H.R. 5103 raises the NFA tax to transfer silencers from $200 to $500.
"Increase In Transfer Tax On Firearms.
(1) IN GENERAL.Subsection (a) of section 5811 of the Internal Revenue Code of 1986 is amended
(A) by striking $200 and inserting $500; and
(B) by striking $5 and inserting $100."
