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To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes.
Summary
This bill repeals the federal $200 transfer tax imposed under section 5811 of the Internal Revenue Code on transfers of certain firearms regulated under the National Firearms Act, such as machine guns, silencers, and short-barreled rifles. The bill makes conforming amendments to other tax code provisions that referenced this tax. The repeal applies to transfers occurring after the bill's enactment date. The bill includes a provision clarifying that firearms regulated under the National Firearms Act remain outside the jurisdiction of the U.S. Consumer Product Safety Commission.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Cotton, Tom [R-AR] (R-AR)
14 cosponsors
- Sen. Barrasso, John [R-WY] (R-WY)
- Sen. Boozman, John [R-AR] (R-AR)
- Sen. Budd, Ted [R-NC] (R-NC)
- Sen. Capito, Shelley Moore [R-WV] (R-WV)
- Sen. Cramer, Kevin [R-ND] (R-ND)
- Sen. Cruz, Ted [R-TX] (R-TX)
- Sen. Daines, Steve [R-MT] (R-MT)
- Sen. Fischer, Deb [R-NE] (R-NE)
- Sen. Hoeven, John [R-ND] (R-ND)
- Sen. Justice, James C. [R-WV] (R-WV)
- Sen. Moreno, Bernie [R-OH] (R-OH)
- Sen. Ricketts, Pete [R-NE] (R-NE)
- Sen. Scott, Rick [R-FL] (R-FL)
- Sen. Sheehy, Tim [R-MT] (R-MT)
Money behind the sponsor
Top reported contributors to Tom Cotton’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $80,461
- APOLLO MANAGEMENT $25,600
- APOLLO GLOBAL MANAGEMENT $19,800
- BRODIE GENERATIONAL CAPITAL PARTNERS $13,200
- APOLLO $11,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Tom Cotton → · Outside spending →
Actions (2)
- Apr 1, 2025 Read twice and referred to the Committee on Finance. · senate
- Apr 1, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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. <all>
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