S. 4344 aims to amend the Internal Revenue Code of 1986 by eliminating the firearm transfer tax. This bill, known as the "Repealing Illegal Freedom and Liberty Excises Act" or the "RIFLE Act," also includes conforming amendments to ensure the repeal is reflected in other...
Simple Explanation
This bill wants to stop charging a special tax that people have to pay when they buy or transfer a gun. It also makes sure that this change won't mean that another group, who checks if products are safe, will start checking guns too.