The legislation is titled the “Gun Violence Prevention and Safe Communities Act of 2018.”
The act amends the Internal Revenue Code of 1986, so as to require a 20 percent tax on “pistols,” “revolvers,” “firearms (other than pistols and revolvers),” and “any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.”
The act places a 50 percent tax on ammunition “shells and cartridges.”
These taxes will only apply to
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