RIFLE Act

This bill ends the federal tax on transferring certain firearms. It also makes related clean-up changes in the tax code so the repeal fits with other sections. The change would apply to transfers that happen after the law takes effect.

The bill also says that nothing in it shifts firearms that are regulated under the National Firearms Act to the Consumer Product Safety Commission. In short, it removes the transfer tax but keeps current safety oversight and rules in place under the existing law.

• Who is affected: People and businesses involved in transferring firearms covered by the National Firearms Act.
• What changes: The federal firearm transfer tax is repealed; related tax code references are updated. Oversight of these firearms does not move to the Consumer Product Safety Commission.
• When: Applies to transfers made after the date the bill becomes law.