Section 1 Short title
This Act may be cited as the “Repealing Illegal Freedom and Liberty Excises Act” or the “RIFLE Act”.
Repealing Illegal Freedom and Liberty Excises Act
A BILL
To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes.
Sec. 2 Repeal of certain taxes relating to firearms
Firearm transfer tax repealed— Section 5811 of the Internal Revenue Code of 1986 is hereby repealed.
Conforming amendments—
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”.
Section 5846 of such Code is amended by striking “, 5811,”.
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)”.
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)”.
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)”.
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.