Repeal of elimination of transfer and manufacturing taxes for certain firearms

(a) Transfer tax Section 5811(a) of the Internal Revenue Code of 1986, as amended by section 70436(a) of Public Law 119–21, is amended to read as follows: (a) Rate There shall be levied, collected, and paid on firearms transferred a tax at the rate of $200 for each firearm transferred, except, the transfer tax on any firearm classified as any other weapon under section 5845(e) shall be at the rate of $5 for each such firearm transferred.. (b) Making tax Section 5821(a) of the Internal Revenue Code of 1986, as amended by section 70436(b) of Public Law 119–21, is amended to read as follows: (a) Rate There shall be levied, collected, and paid upon the making of a firearm a tax at the rate of $200 for each firearm made.. (c) Conforming amendment Section 4182(a) of the Internal Revenue Code of 1986, as amended by section 70436(c) of Public Law 119–21, is amended by striking the second sentence. (d) Effective date The amendments made by this section shall apply to calendar quarters beginning more than 90 days after the date of enactment of this Act.