S. 1224, also known as the "Repealing Illegal Freedom and Liberty Excises Act" or the "RIFLE Act," aims to amend the Internal Revenue Code of 1986 by eliminating the firearm transfer tax stated in Section 5811. The bill ensures that all related sections of the Code are...
Simple Explanation
S. 1224 is a plan to stop charging a special tax whenever someone buys a gun. This change won't let a different group, like the one that makes sure toys are safe, watch over guns.