Close
Page 1 of 2 12 LastLast
Results 1 to 10 of 16
  1. #1
    Bang Bang Ridge's Avatar
    Join Date
    Dec 2007
    Location
    Cedar Park, TX
    Posts
    8,307

    Arrow HR 226 - Tax credit for sale of assault weapons to government

    To amend the Internal Revenue Code of 1986 to allow a credit against
    tax for surrendering to authorities certain assault weapons.
    In the case of an individual who
    surrenders a specified assault weapon to the United States or a
    State or local government (or political subdivision thereof) as
    part of a Federal, State, or local public safety program to
    reduce the number of privately owned weapons, on the election
    of the taxpayer there shall be allowed as a credit against the
    tax imposed by this chapter an amount equal to $2,000.
    ``(2) Year credit allowed.--The amount of the credit under
    paragraph (1) shall be allowed \1/2\ for the taxable year
    during which the assault weapon was so surrendered and \1/2\ in
    the next taxable year.
    The following rifles or copies or duplicates
    thereof:
    ``(i) AK, AKM, AKS, AK-47, AK-74, ARM,
    MAK90, Misr, NHM 90, NHM 91, SA 85, SA 93,
    VEPR,
    ``(ii) AR-10,
    ``(iii) AR-15, Bushmaster XM15, Armalite
    M15, or Olympic Arms PCR,
    ``(iv) AR70,
    ``(v) Calico Liberty,
    ``(vi) Dragunov SVD Sniper Rifle or
    Dragunov SVU,
    ``(vii) Fabrique National FN/FAL, FN/LAR,
    or FNC,
    ``(viii) Hi-Point Carbine,
    ``(ix) HK-91, HK-93, HK-94, or HK-PSG-1,
    ``(x) Kel-Tec Sub Rifle,
    ``(xi) M1 Carbine,
    ``(xii) Saiga,
    ``(xiii) SAR-8, SAR-4800,
    ``(xiv) SKS with detachable magazine,
    ``(xv) SLG 95,
    ``(xvi) SLR 95 or 96,
    ``(xvii) Steyr AUG,
    ``(xviii) Sturm, Ruger Mini-14,
    ``(xix) Tavor,
    ``(xx) Thompson 1927, Thompson M1, or
    Thompson 1927 Commando, or
    ``(xxi) Uzi, Galil and Uzi Sporter, Galil
    Sporter, or Galil Sniper Rifle (Galatz).
    ``(B) The following pistols or copies or duplicates
    thereof:
    ``(i) Calico M-110,
    ``(ii) MAC-10, MAC-11, or MPA3,
    ``(iii) Olympic Arms OA,
    ``(iv) TEC-9, TEC-DC9, TEC-22 Scorpion, or
    AB-10, or
    ``(v) Uzi.
    ``(C) The following shotguns or copies or
    duplicates thereof:
    ``(i) Armscor 30 BG,
    ``(ii) SPAS 12 or LAW 12,
    ``(iii) Striker 12, or
    ``(iv) Streetsweeper.
    ``(D) A semiautomatic rifle that has an ability to
    accept a detachable magazine, and that has--
    ``(i) a folding or telescoping stock,
    ``(ii) a threaded barrel,
    ``(iii) a pistol grip,
    ``(iv) a forward grip, or
    ``(v) a barrel shroud.
    ``(E)(i) Except as provided in clause (ii), a
    semiautomatic rifle that has a fixed magazine with the
    capacity to accept more than 10 rounds.
    Honestly, $2,000 for a Saiga doesn't sound bad to me, even if it's spread over 2 years as a tax credit.

    But GovTracker gives it a 3% chance of surviving committee.

    http://www.govtrack.us/congress/bills/113/hr226

  2. #2
    Guest
    Join Date
    Dec 2012
    Location
    Westminster, CO
    Posts
    2,741

    Default

    Is it a refundable tax credit? For some AR's and AK's even if they were 1000 or less before you could probably snag 2k cash for them right now.

  3. #3
    Escaped From New York zteknik's Avatar
    Join Date
    Nov 2010
    Location
    Colorado Springs
    Posts
    6,269

    Default

    Soo after the gangbangers steeal the legaly purchased weapons they can sell it to the .gov and have clean credit....Nice....
    Do they give bammaphones with that??
    FHUGETABOUDIT!!!

  4. #4
    Bang Bang Ridge's Avatar
    Join Date
    Dec 2007
    Location
    Cedar Park, TX
    Posts
    8,307

    Default

    Quote Originally Posted by zteknik View Post
    Soo after the gangbangers steeal the legaly purchased weapons they can sell it to the .gov and have clean credit....Nice....
    Do they give bammaphones with that??

  5. #5
    Paper Hunter Stevensje's Avatar
    Join Date
    Sep 2012
    Location
    Littleton
    Posts
    294

    Default

    I have a appreciation of ponies!

  6. #6
    Escaped From New York zteknik's Avatar
    Join Date
    Nov 2010
    Location
    Colorado Springs
    Posts
    6,269

    Default

    Quote Originally Posted by Ridge View Post
    Love G-Mod!!!!
    FHUGETABOUDIT!!!

  7. #7
    Machine Gunner
    Join Date
    Mar 2010
    Location
    Denver
    Posts
    1,903

    Default

    Hi-Point carbines, SKS, and MPAs are worth a lot less than 2K.

    I pity anyone who tries to turn in an unregistered Streetsweeper.
    Last edited by Clint45; 01-18-2013 at 06:16.

  8. #8
    Machine Gunner
    Join Date
    May 2012
    Location
    Trinidad
    Posts
    1,222

    Default

    I'm thinking a fixed magazine that is capable of more than 10 rounds. I have a Marlin 60 that doesn't shoot anymore. I think I gave $50 for it several years ago.

  9. #9
    Guest
    Join Date
    Jun 2011
    Location
    Cheyenne, WY
    Posts
    2,191

    Default

    You can just get a tax credit for turning in your firearms after more taxes are imposed. What a sweet deal!
    Last edited by DavieD55; 01-19-2013 at 06:10.

  10. #10
    Machine Gunner merl's Avatar
    Join Date
    Oct 2011
    Location
    longmont
    Posts
    1,802

    Default

    so how cheaply could you assemble a non-functioning AK /AR lookalike.

    It is a different method of setting a lower bound on a price. Even if I thought it a good idea, I hate mucking with the tax code like that. Hate isn't a strong enough word.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •