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Tax on Semi-Automatic Weapon Manufacturers to Fund Violence Prevention.

This bill introduces a new 20% tax on the revenue of manufacturers and importers of semi-automatic assault weapons and high-capacity magazines. The collected funds will be allocated to a special trust fund aimed at supporting community violence intervention and prevention initiatives. The goal is to reduce gun violence by funding programs that enhance public safety.
Key points
Imposition of a 20% tax on the total revenue of manufacturers and importers of semi-automatic assault weapons and large capacity ammunition feeding devices.
The tax applies to entities producing or importing over 100 such items annually, excluding those for government use.
Establishment of a Community Violence Intervention and Prevention Trust Fund, financed by the proceeds of this tax.
Funds from the trust will be used for programs aimed at reducing gun violence.
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Expired
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Additional Information
Print number: 117_HR_8741
Sponsor: Rep. Maloney, Carolyn B. [D-NY-12]
Process start date: 2022-08-23
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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

Firearm Industry Fairness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8741.

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 2022-08-23.

What are the main provisions?

Key points include:

  • Imposition of a 20% tax on the total revenue of manufacturers and importers of semi-automatic assault weapons and large capacity ammunition feeding devices.
  • The tax applies to entities producing or importing over 100 such items annually, excluding those for government use.
  • Establishment of a Community Violence Intervention and Prevention Trust Fund, financed by the proceeds of this tax.
  • Funds from the trust will be used for programs aimed at reducing gun violence.
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. Maloney, Carolyn B. [D-NY-12].

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 2025-12-28.

CATEGORIES

Taxes Security