summary
Introduced
05/15/2024
05/15/2024
In Committee
05/15/2024
05/15/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes.
AI Summary
This bill, the Repealing Illegal Freedom and Liberty Excises Act (RIFLE Act), proposes to amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, which is a tax imposed on the transfer of certain types of firearms regulated under the National Firearms Act. The bill also includes conforming amendments to remove references to the repealed tax, and a rule of construction to clarify that the repeal does not place any firearms regulated under the National Firearms Act under the jurisdiction of the United States Consumer Product Safety Commission.
Committee Categories
Budget and Finance
Sponsors (13)
Tom Cotton (R)*,
John Barrasso (R),
Marsha Blackburn (R),
John Cornyn (R),
Kevin Cramer (R),
Steve Daines (R),
Deb Fischer (R),
Cynthia Lummis (R),
Roger Marshall (R),
Markwayne Mullin (R),
Pete Ricketts (R),
Marco Rubio (R),
Rick Scott (R),
Last Action
Read twice and referred to the Committee on Finance. (on 05/15/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/4344/all-info |
| BillText | https://www.congress.gov/118/bills/s4344/BILLS-118s4344is.pdf |
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