US SB1224

Repeals Section 5811 of the Internal Revenue Code, which imposes a $200 transfer tax on National Firearms Act (NFA) regulated items including machine guns, short-barreled rifles, silencers, and other restricted firearms

Applies to all firearm transfers occurring after the date of enactment

Makes conforming amendments to related tax code sections (4182, 5846, 5852, 5853, 5854) to reference the repealed section for previously completed transactions

Explicitly prohibits placing NFA-regulated firearms under U.S. Consumer Product Safety Commission jurisdiction as a result of the tax repeal

Introduced April 1, 2025 by Senator Cotton with 12 Republican co-sponsors and referred to the Senate Finance Committee