Details

• Sponsor - Grassley
• Proposed - June 14, 2005
• Congressional Record Link - S.1230
• Amends - Firearms Excise Tax- Section 4182
• Amendments - None.
• Vote - None taken.
• Results - Passed July 29, 2005 as a part of House Bill 3. Effective after September 30, 2005.

Status

June 14, 2005 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 127.

July 29, 2005 - Passed as a part of H.R.3.

Synopsis

This bill addressed some of the various taxes imposed by the federal government. The portion of the law we are interested in is Subtitle E - Sport Excise Taxes, Section 241 - Custom Gunsmiths.

The bill exempts 'small manufacturers', which it defines, from the federal excise tax on firearms.

Analysis

This is a very small item, but a definite step in the right direction.

Just as there is no sales tax on newspapers (at least in Colorado), there should not be any excise or sales taxes on any firearm. The exercise of Constitutional rights should never be a taxable event.

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