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9/22/2017 12:11:25 AM
Posted: 9/3/2005 9:07:35 AM EDT
Gunsmiths Win Tax Exemption



Friday, August 26, 2005

During the same week the Senate passed S. 397, NRA-ILA helped win an important but less-publicized victory for small custom gunsmiths. A massive highway construction bill (which President Bush promptly signed into law) contained an amendment that exempts manufacturers of fewer than 50 firearms from "manufacturing" excise taxes.

For nearly 30 years, under a baffling web of IRS regulations, the Bureau of Alcohol, Tobacco and Firearms tried to collect these "manufacturing" taxes from gunsmiths (including years' worth of back taxes, in some cases), even if they were only modifying firearms that had been made in a regular gun factory.

NRA members should salute Senator Max Baucus (D-MT) who has championed this issue for many years, as well as Senate Finance Committee Chairman Chuck Grassley (R-IA), whose support was critical in ending this abuse of the tax system against America's many small gunsmiths.


Link Posted: 9/3/2005 9:08:56 AM EDT
nice, its just sad it has to added in as part of over 1500 pork amendments on a highway bill

Link Posted: 9/3/2005 9:12:25 AM EDT

Originally Posted By Dino:
nice, its just sad it has to added in as part of over 1500 pork amendments on a highway bill

Roadbuilding across state lines is a function of the Federal 'gubment, falls under basic infastructure. But you are right, they sure pay for a lot of "extras" in there that don't result in more/better roads.
Link Posted: 9/3/2005 9:15:10 AM EDT

Originally Posted By Dino:
nice, its just sad it has to added in as part of over 1500 pork amendments on a highway bill



+1
Link Posted: 9/3/2005 9:15:56 AM EDT
It is sad.

It was a last resort for the NRA who has being trying to get this exemption passed for years.

CRC
Link Posted: 9/3/2005 9:23:42 AM EDT
Link Posted: 9/3/2005 9:25:30 AM EDT
There is nothing on the Bradycampaign's or Chuckless Schumer's websites about this.

Hmmmmmm....

Link Posted: 9/3/2005 9:26:05 AM EDT
Now with all the attention of civil choas, it is a good time to try to roll back some of those onerous gun law put in place by the anti-gunners.
Link Posted: 9/3/2005 9:28:35 AM EDT
I agree.

But then the antis will scream "They're trying to arm the looters with automatic baby killers!"
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