A bill to amend the Internal Revenue Code of 1986 to increase the tax on handguns and assault weapons and to impose a tax on the transfer of handguns and assault weapons, to increase the license application fee for gun dealers, and to use the proceeds from those increases to pay for medical care for gunshot victims.
Gun Violence Health Care Costs Prevention Act - Amends the Federal criminal code to increase fees for certain three-year Federal firearms dealer licenses.
Appropriates a percentage of such fees to the Gun Violence Trauma Care Trust Fund.
Amends the Internal Revenue Code to increase the manufacturer's excise tax on handguns, assault weapons, and the ammunition for such firearms. Establishes a new 30-percent Federal sales and transfer tax to cover sales of these instruments by gun dealers to retail customers.
Establishes the Gun Violence Trauma Care Trust Fund to make grants to assist hospitals, trauma centers, or other health care providers that have incurred substantial uncompensated costs in providing medical care to gunshot victims.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S58-59, S61)
Read twice and referred to the Committee on Finance.
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