Is something like this worth enacting into law? This proposal lowers the transfer tax on 'silencers' to five dollars
HEARING PROTECTION ACT
________________________________________
A BILL
To amend Federal law by lowering certain taxes on sound moderating devices regulated by Internal Revenue Code.
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 `Hearing Protection Act'.
SEC. 2. TAXATION OF CERTAIN SOUND MODERATING DEVICES
(a) Section 5811 of Chapter 53 of Title 26 of U.S.C. is amended to read:
‘(a) Rate
There shall be levied, collected, and paid on firearms transferred a tax at the rate of $200 for each firearm transferred, except, the transfer tax on any firearm classified as any other weapon under section 5845 (e) or any firearm as defined in section 5845 (a) (7) shall be at the rate of $5 for each such firearm transferred.’
(b) Section 5821 of Chapter 53 of Title 26 U.S.C. is amended to read:
‘(a) Rate
There shall be levied, collected, and paid upon the making of a firearm a tax at the rate of $200 for each firearm made except for the making of a firearm as defined in section 5845 (a)(7) where the rate shall be $5 for each such firearm made.’
SEC. 3. EFFECTIVE DATE.
This Act and the amendments made by this Act shall take effect after being enacted into law
HEARING PROTECTION ACT
________________________________________
A BILL
To amend Federal law by lowering certain taxes on sound moderating devices regulated by Internal Revenue Code.
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 `Hearing Protection Act'.
SEC. 2. TAXATION OF CERTAIN SOUND MODERATING DEVICES
(a) Section 5811 of Chapter 53 of Title 26 of U.S.C. is amended to read:
‘(a) Rate
There shall be levied, collected, and paid on firearms transferred a tax at the rate of $200 for each firearm transferred, except, the transfer tax on any firearm classified as any other weapon under section 5845 (e) or any firearm as defined in section 5845 (a) (7) shall be at the rate of $5 for each such firearm transferred.’
(b) Section 5821 of Chapter 53 of Title 26 U.S.C. is amended to read:
‘(a) Rate
There shall be levied, collected, and paid upon the making of a firearm a tax at the rate of $200 for each firearm made except for the making of a firearm as defined in section 5845 (a)(7) where the rate shall be $5 for each such firearm made.’
SEC. 3. EFFECTIVE DATE.
This Act and the amendments made by this Act shall take effect after being enacted into law