Under H.R. 5717, firearms would be taxable at 30%, and ammunition would be taxable at 50%. A portion of these taxes would be used toward gun violence prevention research.
It has been shelved for now but can be revived at any time.
Rep. Hank Johnson, D-Ga., introduced in January H.R. 5717, a bill to allegedly reduce gun violence. What it does is make it very expensive to own and use a gun.
If passed it would, among other measures, require individuals to obtain a FEDERAL LICENSE to possess new firearms, raise the minimum age for purchasing firearms and require law enforcement to be notified when an individual does not pass a background check.
Sen. Elizabeth Warren, D-Mass., introduced in February a companion bill, S. 3254. Both proposals aim to restrict a class of firearms banned from 1994 to 2004 under a federal law that expired. Companion bills are meant to “promote simultaneous consideration of a measure,” according to the Senate, USA Today reports.
It would make pistols, revolvers, and other firearms taxable at 30%. Shells and cartridges would be taxable at 50%.
USA Today reports it is true.
CORRECTION: IT WAS SHELVED WITH THE NEW CONGRESS. THE ERROR WAS CORRECTED.