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Standard Summary
Comprehensive overview in 1-2 paragraphs
The RIFLE Act proposes to eliminate the federal firearm transfer tax by repealing Section 5811 of the Internal Revenue Code, implementing conforming amendments across multiple tax code sections, and establishing a rule of construction to prevent regulatory jurisdiction over firearms from shifting to the Consumer Product Safety Commission following the tax repeal.
Key Points
- 1The legislation completely removes Section 5811 of the Internal Revenue Code which currently imposes a tax on firearm transfers between manufacturers, importers, and dealers.
- 2It requires extensive technical amendments to Sections 4182, 5846, 5852, 5853, and 5854 to eliminate references to the repealed firearm transfer tax provision.
- 3A specific rule of construction explicitly states that repealing the tax does not transfer regulatory authority over National Firearms Act firearms to the Consumer Product Safety Commission.
Impact Areas
U.S. Treasury revenue from firearm transfer taxesFirearms manufacturers and licensed dealersIndividuals purchasing regulated firearms through legal channelsBureau of Alcohol, Tobacco, Firearms and Explosives regulatory framework
Generated by ExpertLegislativeAnalyst/v2025 on Nov 2, 2025