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Bill > HR5103


US HR5103

US HR5103
Gun Violence Prevention and Safe Communities Act of 2018


summary

Introduced
02/27/2018
In Committee
03/05/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Gun Violence Prevention and Safe Communities Act of 2018 This bill amends the Internal Revenue Code, with respect to the excise tax on the sale of firearms by manufacturers, producers, or importers, to: (1) increase the rate of such tax to 20% on pistols, revolvers, and other firearms and on any lower frame or receiver for a firearm; and (2) impose a 50% tax on shells and cartridges. The bill exempts any department, agency, or instrumentality of the United States from such tax. The bill allocates revenues from the increased excise tax under this bill for law enforcement and public safety grant programs, including programs for research on gun violence and its prevention. The bill: (1) increases the occupational tax on importers, manufacturers, and dealers in firearms and the transfer tax on firearms; and (2) modifies the definition of "firearm" for excise tax purposes to include a semiautomatic pistol chambered for cartridges and configured with receivers commonly associated with rifles and capable of accepting detachable magazines.

AI Summary

This bill, the Gun Violence Prevention and Safe Communities Act of 2018, proposes to amend the Internal Revenue Code to increase the excise tax on the sale of firearms and ammunition. It raises the tax rate to 20% on pistols, revolvers, other firearms, and lower frames or receivers for firearms, and imposes a 50% tax on shells and cartridges. The bill exempts government agencies from these taxes. The increased tax revenue will be allocated to law enforcement and public safety grant programs, including research on gun violence prevention. Additionally, the bill increases the occupational tax on firearms importers, manufacturers, and dealers, as well as the transfer tax on firearms. It also expands the definition of "firearm" to include certain semiautomatic pistols.

Committee Categories

Budget and Finance, Government Affairs, Health and Social Services

Sponsors (13)

Last Action

Referred to the Subcommittee on Federal Lands. (on 03/05/2018)

bill text


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