summary
Introduced
04/01/2025
04/01/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
Passed
Dead
Introduced Session
119th 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, known as the "Repealing Illegal Freedom and Liberty Excises Act" or "RIFLE Act", aims to repeal the firearm transfer tax in the Internal Revenue Code of 1986. Specifically, the bill eliminates Section 5811, which previously imposed a tax on firearm transfers. The legislation makes several conforming amendments to related sections of the tax code to remove references to the now-repealed tax provision. The bill ensures that the repeal applies to all firearm transfers occurring after the date of the Act's enactment. Additionally, the bill includes a rule of construction that explicitly states that the repeal does not transfer regulatory jurisdiction over firearms regulated under the National Firearms Act to the United States Consumer Product Safety Commission, thus maintaining the current regulatory framework. By removing the firearm transfer tax, the bill seeks to reduce financial barriers associated with firearm transactions.
Committee Categories
Budget and Finance
Sponsors (34)
Ashley Hinson (R)*,
Mark Amodei (R),
Jodey Arrington (R),
Andy Barr (R),
Jack Bergman (R),
Michael Cloud (R),
Mike Collins (R),
Byron Donalds (R),
Troy Downing (R),
Randy Feenstra (R),
Brad Finstad (R),
Chuck Fleischmann (R),
Scott Franklin (R),
Glenn Grothman (R),
Abraham Hamadeh (R),
Andy Harris (R),
Clay Higgins (R),
Richard Hudson (R),
Julia Letlow (R),
Anna Luna (R),
Tracey Mann (R),
John McGuire (R),
Mark Messmer (R),
Mariannette Miller-Meeks (R),
John Moolenaar (R),
Dan Newhouse (R),
Robert Onder (R),
Michael Rulli (R),
Adrian Smith (R),
Claudia Tenney (R),
Beth Van Duyne (R),
Tim Walberg (R),
Daniel Webster (R),
Roger Williams (R),
Last Action
Referred to the House Committee on Ways and Means. (on 04/01/2025)
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/119th-congress/house-bill/2552/all-info |
| BillText | https://www.congress.gov/119/bills/hr2552/BILLS-119hr2552ih.pdf |
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