119-s1224

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1224 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1224

 To amend the Internal Revenue Code of 1986 to repeal the firearm 
 transfer tax, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 April 1 (legislative day, March 31), 2025

 Mr. Cotton (for himself, Mr. Hoeven, Mr. Daines, Mr. Cramer, Mr. 
 Boozman, Mr. Scott of Florida, Mr. Budd, Mr. Ricketts, Mrs. Fischer, 
 Mr. Cruz, Mr. Moreno, Mr. Sheehy, and Mr. Justice) introduced the 
 following bill; which was read twice and referred to the Committee on 
 Finance

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to repeal the firearm 
 transfer tax, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Repealing Illegal Freedom and 
Liberty Excises Act'' or the ``RIFLE Act''.

SEC. 2. REPEAL OF CERTAIN TAXES RELATING TO FIREARMS.

    (a) Firearm Transfer Tax Repealed.--

Section 5811 of the Internal 
Revenue Code of 1986 is hereby repealed.

    (b) Conforming Amendments.--

    (1) Section 4182

    (a) of such Code is amended by striking 
 ``on which the tax provided by 

section 5811 has been paid'' and 
 inserting ``with respect to which the tax provided by 

section 5811 (as in effect immediately before the enactment of the 
 Repealing Illegal Freedom and Liberty Excises Act) would have 
 applied but for its repeal''.

    (2) Section 5846 of such Code is amended by striking ``, 
 5811,''.

    (3) Section 5852 of such Code is amended by striking 
 ``

section 5811'' each place it appears and inserting ``

section 5811 (as in effect immediately before the enactment of the 
 Repealing Illegal Freedom and Liberty Excises Act)''.

    (4) Section 5853 of such Code is amended by striking 
 ``

section 5811'' and inserting ``

section 5811 (as in effect 
 immediately before the enactment of the Repealing Illegal 
 Freedom and Liberty Excises Act)''.

    (5) Section 5854 of such Code is amended by striking 
 ``

section 5811'' and inserting ``

section 5811 (as in effect 
 immediately before the enactment of the Repealing Illegal 
 Freedom and Liberty Excises Act)''.
            (c) Effective Date.--The amendments made by this section shall 
apply to transfers after the date of the enactment of this Act.

SEC. 3. RULE OF CONSTRUCTION.

 Nothing in this Act shall be construed to place any firearms 
regulated under Chapter 53 of the Internal Revenue Code of 1986 (the 
National Firearms Act) under the jurisdiction of the United States 
Consumer Product Safety Commission.
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