Title: NFA Modernization Act of 2021
Subject: Taxation: Firearms and explosives: Government trust funds: Transfer and inheritance taxes
Description: Increases from $200 to $300 the excise tax on the transfer of certain firearms. It also establishes a Firearms Trust Fund and transfers to such fund the revenues from the increased excise tax. The bill requires equal 50% expenditures from the fund for gun violence prevention initiatives of the Bureau of Alcohol, Firearms, and Explosives and the Office of Justice Programs of the Department of Justice.
Session: 117th Congress
Last Action: Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Last Action Date: April 8, 2021
Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.
1 sponsors: Jamie Raskin (D);
Percentage of House Of Representatives sponsoring bill: 0% (1 of 435)
|House||Apr 8, 2021||Introduced in House|
|House||Apr 8, 2021||Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.|
|House||Apr 8, 2021|
|Introduced||Jun 5 2021||federal link||bill text|
|There are no amendments to this bill at this time|
Committee Name: Ways And Means
Votes - Click on description to view vote roll call
There have not been any votes on this bill
Comments On This Bill
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