Modernizes Federal firearms laws to account for advancements in technology and less-than-lethal weapons.
Exempts certain less-than-lethal projectile devices from restrictions under Title 18, United States Code.
Amends Section 921(a) to include less-than-lethal projectile devices, defined as devices not designed to expel a projectile at a velocity exceeding 500 feet per second and intended for non-lethal use.
Exempts certain less-than-lethal projectile devices from the firearms and ammunition tax.
Amends Section 4182 of the Internal Revenue Code of 1986 to not apply the tax to less-than-lethal projectile devices or their specific shells or cartridges.
The tax exemption applies to articles sold by the manufacturer, producer, or importer after the enactment of this Act.
Exempts certain less-than-lethal projectile devices from the National Firearms Act.
Amends Section 5845(a) of the Internal Revenue Code of 1986 to exclude less-than-lethal projectile devices from the definition of firearms.