Under H.R. 5717, firearms would be taxable at 30%, and ammunition would be taxable at 50%. A portion of these taxes would be used toward gun violence prevention research.
Rep. Hank Johnson, D-Ga., introduced in January H.R. 5717, a bill to allegedly reduce gun violence. What it does is make it very expensive to own and use a gun.
If passed it would, among other measures, require individuals to obtain a FEDERAL LICENSE to possess firearms, raise the minimum age for purchasing firearms and require law enforcement to be notified when an individual does not pass a background check.
Sen. Elizabeth Warren, D-Mass., introduced in February a companion bill, S. 3254. Both proposals aim to restrict a class of firearms banned from 1994 to 2004 under a federal law that expired. Companion bills are meant to “promote simultaneous consideration of a measure,” according to the Senate, USA Today reports.
It would make pistols, revolvers, and other firearms taxable at 30%. Shells and cartridges would be taxable at 50%.
Rep. Hank Johnson, D-Ga., introduced in January H.R. 5717, a bill to allegedly reduce gun violence. What it does is make it very expensive to own and use a gun.
If passed it would, among other measures, require individuals to obtain a FEDERAL LICENSE to possess firearms, raise the minimum age for purchasing firearms and require law enforcement to be notified when an individual does not pass a background check.
Sen. Elizabeth Warren, D-Mass., introduced in February a companion bill, S. 3254. Both proposals aim to restrict a class of firearms banned from 1994 to 2004 under a federal law that expired. Companion bills are meant to “promote simultaneous consideration of a measure,” according to the Senate, USA Today reports.
It would make pistols, revolvers, and other firearms taxable at 30%. Shells and cartridges would be taxable at 50%.
H.R. 5717 levies a 30% tax on gun sales, 50% tax on ammo sales
Under H.R. 5717, firearms would be taxable at 30%, and ammunition would be taxable at 50%. A portion of these taxes would be used toward gun violence prevention research. It has been shelved for now but can be revived at any time. Why Physical Precious Metals Are the Retirement Safe Haven Most...
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