RIFLE Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1224 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1224 To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 1 (legislative day, March 31), 2025 Mr. Cotton (for himself, Mr. Hoeven, Mr. Daines, Mr. Cramer, Mr. Boozman, Mr. Scott of Florida, Mr. Budd, Mr. Ricketts, Mrs. Fischer, Mr. Cruz, Mr. Moreno, Mr. Sheehy, and Mr. Justice) 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 repeal the firearm transfer tax, and for other purposes. 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 ``Repealing Illegal Freedom and Liberty Excises Act'' or the ``RIFLE Act''. SEC. 2. REPEAL OF CERTAIN TAXES RELATING TO FIREARMS. (a) Firearm Transfer Tax Rep…