Assault Weapons Excise Act

Assault Weapons Excise Act

This bill imposes an additional 1000% excise tax on large capacity ammunition feeding devices and semiautomatic assault weapons. It exempts from such additional tax devices and weapons acquired by the United States or by a state or local government.

Bill 117 HR 8051, also known as the Assault Weapons Excise Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to impose an excise tax on the sale of assault weapons.

Under this bill, manufacturers and importers of assault weapons would be required to pay a tax of 20% on the sale price of each assault weapon sold. The revenue generated from this tax would be used to fund programs aimed at reducing gun violence and promoting gun safety.

Supporters of the bill argue that imposing an excise tax on assault weapons would help to reduce the number of these weapons in circulation and deter individuals from purchasing them. They also believe that the revenue generated from the tax could be used to fund important programs that address the issue of gun violence in the United States. Opponents of the bill, on the other hand, argue that the tax unfairly targets law-abiding gun owners and infringes on their Second Amendment rights. They also argue that the tax would not effectively reduce gun violence, as criminals would still be able to obtain assault weapons through illegal means. Overall, the Assault Weapons Excise Act is a controversial piece of legislation that aims to address the issue of gun violence in the United States through the imposition of an excise tax on assault weapons. It remains to be seen whether this bill will gain enough support to pass in Congress.