Section 803 of Johnson’s H.R. 5717 details the changes that would be made to taxes on firearms and other related items.
It would make pistols, revolvers and other firearms taxable at 30%. Shells and cartridges would be taxable at 50%.
This is illegal legislation IMHO.
Link:
https://www.usatoday.com/story/news/factcheck/2020/05/24/fact-check-bill-would-increase-taxes-firearms-and-ammunition/5231813002/?fbclid=IwAR32K1lsxlxkQiLi3drKGw0k5YAkCRFVa1wCq3RK8tbY0RuxealYb5ty2hQ
It would make pistols, revolvers and other firearms taxable at 30%. Shells and cartridges would be taxable at 50%.
This is illegal legislation IMHO.
Link:
https://www.usatoday.com/story/news/factcheck/2020/05/24/fact-check-bill-would-increase-taxes-firearms-and-ammunition/5231813002/?fbclid=IwAR32K1lsxlxkQiLi3drKGw0k5YAkCRFVa1wCq3RK8tbY0RuxealYb5ty2hQ