[Congressional Record Volume 171, Number 129 (Monday, July 28, 2025)]
[Senate]
[Page S4781]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3064. Mr. MURPHY submitted an amendment intended to be proposed by
him to the bill S. 2296, to authorize appropriations for fiscal year
2026 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. INCREASE IN TRANSFER AND MANUFACTURING TAXES FOR
FIREARMS REGULATED UNDER THE NATIONAL FIREARMS
ACT.
(a) Transfer Tax.--Subsection (a) of section 5811 of the
Internal Revenue Code of 1986, as amended by section 70436(a)
of Public Law 119-21, is amended to read as follows:
``(a) Rate.--There shall be levied, collected, and paid on
firearms transferred a tax at the rate of $4,709 for each
firearm transferred.''.
(b) Making Tax.--Section 5821(a) of the Internal Revenue
Code of 1986, as amended by section 70436(b) of Public Law
119-21, is amended--
(1) in paragraph (1), by striking ``$200'' and inserting
``$4,709'', and
(2) in paragraph (2), by striking ``$0'' and inserting
``$55''.
(c) Conforming Amendment.--Section 4182(a) of the Internal
Revenue Code of 1986, as amended by section 70436(c) of
Public Law 119-21, is amended by striking the second
sentence.
(d) Effective Date.--The amendments made by this section
shall apply to calendar quarters beginning more than 90 days
after the date of the enactment of Public Law 119-21.
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