Repeal the NFA Act
Source: Congress.gov ·
182 words in original text
What This Bill Does
This bill would remove Chapter 53 of the Internal Revenue Code of 1986, which is the section of tax law that created and governs the National Firearms Act. The bill is titled the "Repeal the NFA Act."
Who It Affects
Not specified in bill text
Key Provisions
- Chapter 53 of the Internal Revenue Code of 1986 is repealed (Sec. 2)
- The reference to Chapter 53 in the table of chapters for subtitle E of the tax code is also repealed (Sec. 2)
What Changes
If this bill becomes law, Chapter 53 of the Internal Revenue Code of 1986 would no longer exist as written law. The table of chapters would no longer include a reference to this chapter.
Important Definitions
None defined
Effective Date
Not specified in bill text
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