Sec. 70436. Reduction of transfer and manufacturing taxes for certain devices
Official source: Public Law 119-21, Section 70436 — 139 Stat. 247-248.
(a) Transfer Tax.—
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) $200 for each firearm transferred in the case of a machinegun or a destructive device, and
“(2) $0 for any firearm transferred which is not described in paragraph (1).”
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(b) Making Tax.—
Section 5821(a) is amended to read as follows:
“(a) Rate.—
There shall be levied, collected, and paid upon the making of a firearm a tax at the rate of—
“(1) $200 for each firearm made in the case of a machinegun or a destructive device, and
“(2) $0 for any firearm made which is not described in paragraph (1).”
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(c) Conforming Amendment.—
Section 4182(a) is amended by adding at the end the following: “
For purposes of the preceding sentence, any firearm described in section 5811(a)(2) shall be deemed to be a firearm on which the tax provided by section 5811 has been paid.
”
(d) Effective Date.—
The amendments made by this section shall apply to calendar quarters beginning more than 90 days after the date of the enactment of this Act.