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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Security