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Posted: 7/17/2025 1:33:34 AM EDT
[Last Edit: NWRed][Edited]
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I'm planning to go full retard with free stamps, just because it wont cost me anything extra for stamps #2-100 once I pay for the EFT and get the photo done. But I've been out of the Form1 loop for about 10 years. Built a few and then stopped when it was getting expensive. And I have no clue what's available these days for mounts and end caps. If you were going to build a tube can with baffles, which end caps and thread pitches would be on your short list? |
"Kid you're so lost, even I can't bring you home" - The North Star
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Joined:
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Originally Posted By Johnelmer87: I thought form 1 tax remained at $200 Originally Posted By Johnelmer87: I thought form 1 tax remained at $200 This is the changes to the law: 26 U.S. Code 5811 - Transfer tax (a)Rate There shall be levied, collected, and paid on firearms transferred a tax at the rate of (1) $200 for each firearm made in the case of a machinegun or a destructive device, and (2) $0 for any firearm made which is not described in paragraph (1). (b)By whom paid The tax imposed by subsection (a) of this section shall be paid by the transferor. (c)Payment The tax imposed by subsection (a) of this section shall be payable by the appropriate stamps prescribed for payment by the Secretary. 26 U.S. Code 5821 - Making tax (a)Rate There shall be levied, collected, and paid upon the making of a firearm a tax at the rate of (1) $200 for each firearm made in the case of a machinegun or a destructive device, and (2) $0 for any firearm made which is not described in paragraph (1). (b)By whom paid The tax imposed by subsection (a) of this section shall be paid by the person making the firearm. (c)Payment The tax imposed by subsection (a) of this section shall be payable by the stamp prescribed for payment by the Secretary. |
| When does this go into effect? I heard the BBB was written for January 1 2025 but googling says the $0 stamp won't go into effect until January 2026. How does that work? Only certain provisions of the bill go into effect January 2025 like the changes to the IRS tax code? |
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Originally Posted By nisfro: When does this go into effect? I heard the BBB was written for January 1 2025 but googling says the $0 stamp won't go into effect until January 2026. How does that work? Only certain provisions of the bill go into effect January 2025 like the changes to the IRS tax code? January 1, 2025 was 7+ months ago. The changes to the NFA tax portion of the BBB wont go into effect until the next US fedgov fiscal quarter after the 90 day period - which is Jan 1st 2026. Q1: October 1 - December 31. Q2: January 1 - March 31. Q3: April 1 - June 30. Q4: July 1 - September 30. |
"Kid you're so lost, even I can't bring you home" - The North Star
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Originally Posted By MoonDancer: Why do I have a suspicion that something will happen in the next 5 months that puts a hold on / end to the tax elimination? The law has been changed. They can change it again via another buill passed by Congress, but they can't put a hold on it going into effect short of a court injunction against a law that Congress has passed and the President has signed. Pretty sure that's a high bar legally with the equal branches of govt thing and some of the recent court rulings regarding each branch's limitations on the others. I don't see that happening, but I'm not black-pilled and refuse to accept something could possible be going our way and desperately need to find a way for it to not work out, even if it defies law and logic. |
"Kid you're so lost, even I can't bring you home" - The North Star
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Originally Posted By NWRed: The law has been changed. They can change it again via another buill passed by Congress, but they can't put a hold on it going into effect short of a court injunction against a law that Congress has passed and the President has signed. Pretty sure that's a high bar legally with the equal branches of govt thing and some of the recent court rulings regarding each branch's limitations on the others. I don't see that happening, but I'm not black-pilled and refuse to accept something could possible be going our way and desperately need to find a way for it to not work out, even if it defies law and logic. |
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