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Repealing Firearm Transfer Tax

This legal act aims to eliminate the federal tax on firearm transfers. This means citizens will no longer pay a special fee when certain types of firearms are transferred. This change could affect the costs associated with owning and trading firearms.
Key points
Eliminates the firearm transfer tax, potentially reducing costs for individuals buying or selling firearms.
The act does not alter consumer product safety regulations for firearms.
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Additional Information
RIFLE Act
Print number: HR 3101
Sponsor: Rep. Hinson, Ashley [R-IA-1]
Process start date: 2021-05-11