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Increased Firearm Transfer Tax and Gun Violence Prevention Fund.

This bill proposes to increase the transfer tax on certain firearms from $200 to $300, with future adjustments for inflation. The additional revenue generated will fund a new trust dedicated to supporting gun violence prevention initiatives by government agencies.
Key points
The tax on transferring certain firearms will increase by $100, from $200 to $300, effective January 1, 2022.
The tax amount will be adjusted for inflation annually starting in 2023.
A new trust fund will be established to receive these increased tax revenues, specifically for gun violence prevention programs.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2427
Sponsor: Rep. Raskin, Jamie [D-MD-8]
Process start date: 2021-04-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NFA Modernization Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2427.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-08.

What are the main provisions?

Key points include:

  • The tax on transferring certain firearms will increase by $100, from $200 to $300, effective January 1, 2022.
  • The tax amount will be adjusted for inflation annually starting in 2023.
  • A new trust fund will be established to receive these increased tax revenues, specifically for gun violence prevention programs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Raskin, Jamie [D-MD-8].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Security