Posted: 4/3/2007 12:06:57 PM EDT
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First of all, I apologize if this has been covered before - but I just want to cover myself. I completed an AR build from a stripped lower in July of 2006. The lower was transfered to me, I completed the build, then regrettably sold the rifle recently due to lack of funds. I did not profit from the sale of the rifle. I am now starting a second build and will have the lower in hand within the next week or two. The projected completion date of this second rifle will be early June of this year. The questions: Will I have to pay any excise tax on this new rifle? Should I have paid any tax on the first rifle? Thanks Sam |
Pretty much correct. Excise tax only applies to FFLs, in general, not private citizens, unless they go into business. This is another dupe, see this thread. |
