Reduction of Transfer and Manufacturing Taxes for Certain Devices
Section 70436 · Sec. 70436 ·
What this chapter is about
This part sets two firearm taxes to zero for most devices. The $200 charge stays for a machinegun or destructive device. It covers both transferring and making a firearm. It starts more than 90 days after this law passed.
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70436 in the PDF
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--”
That sentence, in plain words
A tax is laid on firearms handed over. The rates that follow set how much.
What this is about
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.
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70436 in the PDF
What the document says
“There shall be levied, collected, and paid upon the making of a firearm a tax at the rate of--”
The section rewrites section 5821(a) of the Internal Revenue Code of 1986 so that the tax on making 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 upon the making of a firearm a tax at the rate of--”
That sentence, in plain words
A tax is laid on making a firearm. The rates that follow set how much.
What this is about
The rates are the same as above. A machinegun draws $200. So does a bomb or the like. Every other gun draws nothing.
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.
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70436 in the PDF
What the document says
“For purposes of the preceding sentence, any firearm described in section 5811(a)(2) shall be deemed to be a firearm on which the tax provided by section 5811 has been paid.”
The section adds a sentence to section 4182(a) of the Internal Revenue Code of 1986 treating a firearm taxed at $0 under the new rule as one on which the transfer tax has been paid. The amendments apply to calendar quarters beginning more than 90 days after enactment.
What the document actually says
“For purposes of the preceding sentence, any firearm described in section 5811(a)(2) shall be deemed to be a firearm on which the tax provided by section 5811 has been paid.”
That sentence, in plain words
A firearm at the zero rate is treated as one whose tax has been paid.
What this is about
That matters where another rule turns on payment. Without it a zero rate could look like non-payment. The changes start more than 90 days after this law.
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.
Each distinct thing the section does: rewrite the transfer tax rate, rewrite the making tax rate, add the conforming rule deeming the tax paid, and fix the effective date.
Nothing in the section is left out. It has four subsections and each is recorded.
The section works by amending sections 4182(a), 5811(a) and 5821(a) of the Internal Revenue Code of 1986, which are not indexed here, so which devices count as firearms cannot be checked against anything on this site.
