This law will affect all gun owners if it is passed and signed into law and raising taxes on certain firearm licenses, FET taxes in making firearms and ammunition and transfers of other lawfully owned and registered/transferable weapons.
https://www.congress.gov/bill/115th-congress/house-bill/5103/text?format=txt
snips:
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Gun Violence Prevention and Safe
Communities Act of 2018''.
SEC. 4181. IMPOSITION OF TAX.
``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:
``(1) Articles taxable at 20 percent:
``(A) Pistols.
``(B) Revolvers.
``(C) Firearms (other than pistols and revolvers).
``(D) Any lower frame or receiver for a firearm,
whether for a semiautomatic pistol, rifle, or shotgun
that is designed to accommodate interchangeable upper
receivers.
``(2) Articles taxable at 50 percent: Shells and
cartridges.''.
(b) Exemption for United States.--Subsection (b) of section 4182 of
the Internal Revenue Code of 1986 is amended to read as follows:
``(b) Sales to United States.--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.''.
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SEC. 3. SPECIAL TAX AND LICENSING RELATING TO FIREARMS.
(a) Increase in Tax.--
(1) General rule.--Subsection (a) of section 5801 of the
Internal Revenue Code of 1986 is amended--
(A) in paragraph (1) by striking ``$1,000'' and
inserting ``$2,000''; and
https://www.congress.gov/bill/115th-congress/house-bill/5103/text?format=txt
snips:
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Gun Violence Prevention and Safe
Communities Act of 2018''.
SEC. 4181. IMPOSITION OF TAX.
``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:
``(1) Articles taxable at 20 percent:
``(A) Pistols.
``(B) Revolvers.
``(C) Firearms (other than pistols and revolvers).
``(D) Any lower frame or receiver for a firearm,
whether for a semiautomatic pistol, rifle, or shotgun
that is designed to accommodate interchangeable upper
receivers.
``(2) Articles taxable at 50 percent: Shells and
cartridges.''.
(b) Exemption for United States.--Subsection (b) of section 4182 of
the Internal Revenue Code of 1986 is amended to read as follows:
``(b) Sales to United States.--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.''.
----------
SEC. 3. SPECIAL TAX AND LICENSING RELATING TO FIREARMS.
(a) Increase in Tax.--
(1) General rule.--Subsection (a) of section 5801 of the
Internal Revenue Code of 1986 is amended--
(A) in paragraph (1) by striking ``$1,000'' and
inserting ``$2,000''; and