The transfer tax is $200 for a machinegun or destructive device and $0 otherwise
What the document says“There shall be levied, collected, and paid on firearms transferred a tax at the rate of--”
The section rewrites section 5811(a) of the Internal Revenue Code of 1986 so that the tax on transferring a firearm is $200 for a machinegun or a destructive device and $0 for any other firearm.
What the document actually says“There shall be levied, collected, and paid on firearms transferred a tax at the rate of--”
A tax is laid on firearms handed over. The rates that follow set how much.
A machinegun draws $200. So does a destructive device. Every other firearm draws nothing. The rate is zero, not a waiver.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.