Democrat Rep. Introduces 20 Percent Gun Tax, 50 Percent Ammo Tax: Rep. Danny K. Davis (D-IL) is pushing legislation to place a 20 percent tax on guns and a 50 percent tax on ammunition.
The legislation is titled the “Gun Violence Prevention and Safe Communities Act of 2018.”
The act amends the Internal Revenue Code of 1986, so as to require a 20 percent tax on “pistols,” “revolvers,” “firearms (other than pistols and revolvers),” and “any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.”
The act places a 50 percent tax on ammunition “shells and cartridges.”
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