The RIFLE Act would repeal the federal firearm transfer tax under Section 5811 of the Internal Revenue Code, eliminating a $200 tax that currently applies when certain regulated firearms—including machine guns, short-barreled rifles, and silencers—are transferred to new owners. The bill would affect gun owners, manufacturers, and dealers who currently must pay this tax before legally transferring these weapons. The legislation includes conforming changes to other tax code sections to remove references to the repealed tax, with the changes taking effect immediately after enactment. The bill also clarifies that firearms regulated under the National Firearms Act would not be transferred to the jurisdiction of the Consumer Product Safety Commission.
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