model confidence 90%
Repeals the $200 federal transfer tax on NFA firearms, so lower cost and fewer restrictions on buying, owning and transferring them.
Section 5811 of the Internal Revenue Code of 1986 is hereby repealed.
✓ Quote verified word for word in the bill text
model confidence 80%
Repeals the $200 federal transfer tax on NFA firearms, so lower cost and fewer restrictions on buying, owning and transferring them.
To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes.
✓ Quote verified word for word in the bill text
Stage: Committee · step 2 of 6
Why the model tagged it this way: The bill repeals the NFA firearm transfer tax (IRC §5811) and makes conforming changes, reducing the financial barrier to transferring regulated firearms such as suppressors, short-barreled rifles/shotguns, and machine guns. This expands the firearms axis by removing a restriction on purchase, ownership, and transfer. The rule of construction in Sec. 3 is a neutral clarification that does not alter the tax repeal or add new restrictions.
| Date | Chamber | Action |
|---|---|---|
| 2025-04-01 | Libra | Introduced in Senate |
| 2025-04-01 | Senat | Read twice and referred to the Committee on Finance. |