[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 157 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 157

  To amend the Internal Revenue Code of 1986 to tax 9 millimeter, .25 
                   caliber, and .32 caliber bullets.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 19, 1999

 Mr. Moynihan introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to tax 9 millimeter, .25 
                   caliber, and .32 caliber bullets.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Real Cost of Handgun Ammunition Act 
of 1999''.

SEC. 2. INCREASE IN TAX ON CERTAIN BULLETS.

    (a) In General.--Section 4181 of the Internal Revenue Code of 1986 
(relating to the imposition of tax on firearms, etc.) is amended by 
adding at the end the following new flush sentence:
``In the case of 9 millimeter, .25 caliber, or .32 caliber ammunition, 
the rate of tax under this section shall be 1,000 percent.''
    (b) Exemption for Law Enforcement Purposes.--Section 4182 of the 
Internal Revenue Code of 1986 (relating to exemptions) is amended by 
adding at the end the following new subsection:
    ``(d) Law Enforcement.--The last sentence of section 4181 shall not 
apply to any sale (not otherwise exempted) to, or for the use of, the 
United States (or any department, agency, or instrumentality thereof) 
or a State or political subdivision thereof (or any department, agency, 
or instrumentality thereof).''
    (c) Effective Date.--The amendments made by this section shall 
apply to sales after December 31, 1999.
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