Reported from Pres. Trump's "One Big Beautiful Bill"
As reported out from the bill text passed early this AM in the House (Senate version still to be tweaked):
Quote:
SEC. 112030. REDUCTION OF EXCISE TAX ON FIREARMS SILENCERS.
(a) In General.--Section 5811(a) is amended to read as follows:
``(a) Rate.--There shall be levied, collected, and paid on firearms
transferred a tax at the rate of--
``(1) $5 for each firearm transferred in the case of a
weapon classified as any other weapon under section 5845(e),
``(2) $0 for each firearm transferred in the case of a
silencer (as defined in section 5845(a)(7)), and
``(3) $200 for any other firearm transferred.''.
(b) Effective Date.--The amendment made by this section shall apply
to transfers after the date of the enactment of this Act.
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