H.R. 226: turn in your guns for a tax break

I also noticed it includes "conversion kits" as qualifying for the $2000 credit. Here's the definition:
CONVERSIONKIT.—The term ‘conversion kit’ means any part or combination of parts designed and intended for use in converting a firearm into a semiautomatic assault weapon, and any combination of parts from which a semiautomatic assault weapon can be assembled if the parts are in the possession or under the control of a person
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So a pistol with a threaded barrel is an assault weapon, therefore a threading die could be used to convert a pistol into an assault weapon. Therefore a $15 die is a conversion kit worth $2000 in tax credits. Brilliant.
 
So a pistol with a threaded barrel is an assault weapon, therefore a threading die could be used to convert a pistol into an assault weapon. Therefore a $15 die is a conversion kit worth $2000 in tax credits. Brilliant.
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OOhhhh. Good point.
Constructive possession, as well. ;)
 
I also noticed it includes "conversion kits" as qualifying for the $2000 credit. Here's the definition:
Quote:
CONVERSIONKIT.—The term ‘conversion kit’ means any part or combination of parts designed and intended for use in converting a firearm into a semiautomatic assault weapon, and any combination of parts from which a semiautomatic assault weapon can be assembled if the parts are in the possession or under the control of a person
Click to expand...
So a pistol with a threaded barrel is an assault weapon, therefore a threading die could be used to convert a pistol into an assault weapon. Therefore a $15 die is a conversion kit worth $2000 in tax credits. Brilliant.
Click to expand...

It says "parts." You'd have to give them an AR or AK pistol grip, for example.
 
So in theory you could just buy a hi-point and JB-weld a front grip to it, or thread the barrel and get a $2000 tax credit?

Sounds like a good deal to me.

But wait isn't a pistol with a forward grip a NFA item? So you would have to pay the $200 tax stamp and get an extended background check to attach it?

Seems like the threaded barrel is the way to go. Is a hi-point barrel even thread-able?
 
But wait isn't a pistol with a forward grip a NFA item? So you would have to pay the $200 tax stamp and get an extended background check to attach it?
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In theory yes. But it depends upon how the law is written. If they are offering amnesty for turn in you could make one and turn it in the same day. Lots of places give amnesty for turn in.

Seems like the threaded barrel is the way to go. Is a hi-point barrel even thread-able?
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Sure, but it does not really matter if the threads are functional or not. This could be a good thing for gun shops. They could open a side line in threading barrels for tax turn in and then offer in store credit when the guy gets his refund.
 
If you have to be the legal owner, amnesty is suspect.

If you have to be the legal owner, it sounds like you have to legally own the gun as well meaning you need the tax stamp.
 
More ridiculous than some of the other proposals. The authors of these bills seem to have minimal knowledge of firearms and questionable common sense. It reminds me of the cash for clunkers government rip off of a few years ago.
 
With any luck this passes, and the AG determines the Remington 870 Express was originally designed for law enforcement use with no sporting purposes, giving us the Remington Tax Break.
 
My state is just throwing out crazy bills left and right to see if something will stick. There's more than a dozen like this, doesn't seem to be any rhyme or reason to it.
 
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