A bill to amend the Internal Revenue Code of 1986 to increase the tax on handgun ammunition, to impose the special occupational tax and registration requirements on importers and manufactures of handgun ammunition, and for other purposes.
Real Cost of Destructive Ammunition Act - Amends the Internal Revenue Code to increase the excise tax on handgun ammunition. Provides for such additional taxes to be added to the general fund.
Imposes a special (occupational) tax on importers and manufacturers of certain handgun ammunition for each place of business.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S576)
Read twice and referred to the Committee on Finance.
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