Eliminating Federal Tax on Firearm Transfers (RIFLE Act)

This bill eliminates the federal excise tax currently imposed on the transfer of certain regulated firearms, often referred to as the "tax stamp." Citizens transferring items regulated under the National Firearms Act (like suppressors or short-barreled rifles) would no longer have to pay this specific federal excise tax, reducing the cost of these transactions. The changes apply to transfers made after the date of enactment.